BitGo Joins Grayscale and Gemini in Filing for a Crypto IPO
Main Idea
BitGo has filed a confidential Form S-1 with the SEC for a U.S. IPO, joining other crypto firms in seeking public listings amid a rebounding crypto market.
Key Points
1. BitGo filed a draft S-1 registration statement with the SEC on July 21, 2025, for a U.S. IPO, though details like share numbers and pricing remain undisclosed.
2. The company, founded in 2013 and valued at $1.75 billion after a 2023 funding round, aims to tap public markets during a period of renewed crypto market interest.
3. The crypto market has rebounded in 2025, with Bitcoin rising over 26%, and increased institutional adoption and new U.S. legislation are supporting the trend.
4. BitGo's IPO filing follows similar moves by other crypto firms, indicating growing confidence in public market entry under improved regulatory conditions.
5. The SEC will review BitGo's filing, and if approved, the company will proceed with the IPO process, including a roadshow and pricing.
Description
BitGo filed a confidential Form S‑1 with the SEC on July 21, planning a U.S. IPO. The crypto market’s 2025 rally and regulatory clarity have encouraged firms like Grayscale and Gemini to file IPOs. BitGo’s listing date depends on SEC review and market conditions; no public timeline has been confirmed yet. Crypto custody firm BitGo has confidentially filed for an initial public offering (IPO) in the United States, according to a July 21 Reuters report . The company submitted a draft S-1 registrat...
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