🚨 BitGo Targets $1.85B Valuation in IPO Push

Crypto custodian BitGo is aiming to raise up to $201 million in its upcoming initial public offering (IPO), targeting an approximate valuation of $1.85 billion.

According to its latest SEC filing, the Silicon Valley–based firm plans to offer 11 million shares priced between $15–$17, with an additional 821,595 shares sold by insiders.

📊 Key Highlights:

Strong revenue growth in 2025

$35.3 million net income in the first nine months of 2025

Recently received conditional approval to operate as a U.S. national trust bank

Services span self-custody wallets, regulated trust services, and prime brokerage

The IPO marks a significant milestone for the crypto sector, signaling growing institutional confidence and maturing market infrastructure.

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