Bitgo is one of the leading US cryptocurrency managers, He will be cited on the New York Stock Exchange under the “BTGO” symbol. The company will come with this step in the spread of strong revenue growth in the first half of 2025.
According to Form S-1, BITGO reported revenue of USD 41.9 billion over that period, Before US$11.2 billion for the same period in 2024, net profit fell from US$39.9 million to US$12.6 million due to higher operating costs from investments in infrastructure, licensing and international expansion.
The Palo Alto-based company reported that. As of June 30, 2025, it manages approximately US$90.3 billion in digital assets. Its customer base includes over 4,600 entities and 1.1 million users from over 100 countries. It also provides support to sectors, financial institutions, governments and native companies of people with a high heritage.
The company also has US$250 million. The pinnacle of audit Soc 1 Y Soc 2, Related standards in safety and internal control. These factors reinforce the role of institutional managers in markets that demand confidence and solidity in operation.
As reported by Cryptonotcias, this step brings the company to Wall Street after it announced its intention to cite in the NYSE this July. Once the regulatory review process is complete, the company can spread information about the number of actions and price ranges depending on the market situation.
BITGO meets regulations
Co-founder and CEO Michael Bellchemaintains the strategic management of the company through a double shareholding structure. Class B actions give 15 votes per title in the face of Class A votes. This will make BITGO a “controlled company” under NYSE standards and exempt from complying with other governance standards.
In parallel, BITGO acquired an extended license from the German Bafin Bureau, allowing its European subsidiary to provide sales services, custody, staking and transfer under the European Union’s MICA regulatory framework. This approval opens the door to capturing clients of institutions that strengthen their presence in mature markets and demand greater legal certainty.
Market context and increasing competition
BITGO’s IPOs occur in environments of new institutional interest in cryptocurrencies. In recent months, figures from Circle, Bullish, Gemini and Blockchain have also joined the public market, demonstrating an increase in desire through digital infrastructure.
At the same time, traditional banks are increasing their expansion into the sector. Deutsche Bank announced that cryptocurrency can be stored for its customers from 2026, but Citigroup will evaluate custody services and payments. In the US, US Bancorp has reinvigorated its digital asset management services after regulatory changes promoted by the Trump administration.
This panorama will strengthen the competition between digital native custodians and historic financial entities, allowing you to push the margins of companies such as BITGO.
With this IPO, BITGO is trying to leverage the updated institutional appetite and integrate it as a leader in digital assets management. Its success depends on balancing rapid growth and operational efficiency, diversifying services and maintaining regulatory safety and compliance standards in an increasingly competitive market.
