Crypto custodian BitGo Holdings saw a sharp but short-lived rally in its public market debut on Thursday, with shares jumping as much as 36% shortly after the open before giving back most of those gains by the close.
BitGo’s Class A shares began trading on the New York Stock Exchange under the ticker BTGO following its $18 per-share initial public offering, which raised about $212.8 million and valued the company at more than $2 billion.
The stock quickly climbed to an intraday high of $24.50 before reversing course through the afternoon session.
BTGO finished regular trading at $18.49, up roughly 2.7% on the day, and was changing hands around $18.35 in the after-hours session, according to Google Finance, leaving the stock only modestly above its IPO price after an otherwise volatile session.
Founded in 2013, BitGo is one of the largest crypto custodians in the U.S., reporting more than $100 billion in assets on its platform. The company provides custody, wallet infrastructure, staking, and settlement services to institutional clients.
The debut marks the first major crypto-related listing of 2026 and comes as U.S. regulatory conditions show signs of stabilizing. In December, BitGo received conditional approval for a U.S. trust bank charter alongside firms including Circle and Ripple.
Custody rival Anchorage Digital, exchanges such as Kraken and Bitpanda, and several infrastructure firms are also weighing potential IPOs later this year.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
