Breaking: $100 Billion Crypto Giant BitGo Is Going Public
Main Idea
Cryptocurrency custody giant BitGo has confidentially filed with the U.S. SEC to go public, joining other major crypto companies in the IPO trend.
Key Points
1. BitGo, a prominent crypto custodian valued at $1.75 billion, has filed confidentially for an IPO, though details like size and pricing remain undisclosed.
2. The company's clients include family offices and institutional investors, and it currently holds over $100 billion in assets under custody.
3. BitGo joins other major crypto players like Kraken and Grayscale in pursuing public listings, a trend reignited by Circle's successful IPO.
4. The IPO filing aligns with a broader trend of crypto companies going public in 2025, following Coinbase's landmark public debut in 2021.
Description
BitGo has joined the crypto IPO frenzy alongside Kraken, Grayscale, and other major names
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