Crypto custody startup BitGo is seeking to raise about $201 million in an initial public offering, according to an amended registration statement filed with the U.S. Securities and Exchange Commission on Monday.
The filing shows BitGo plans to offer 11 million shares of Class A common stock, alongside 821,595 shares sold by existing stockholders, with an estimated offering price between $15 and $17 per share. BitGo will not receive any proceeds from shares sold by existing holders.
The company said it has applied to list its Class A shares on the New York Stock Exchange under the ticker “BTGO,” though it has not disclosed the timing of the offering. Following the offering, BitGo will maintain a dual-class share structure, with Class A shares carrying one vote per share and Class B shares carrying 15 votes per share. Chief executive and co-founder Michael Belshe will retain a controlling stake through his Class B holdings, giving him majority voting power and classifying the company as a “controlled company” under NYSE rules.
BitGo provides custody, trading, settlement, and wallet infrastructure to institutional crypto clients, positioning itself as a backend services provider rather than a consumer-facing exchange.
Previously, the firm filed IPO documents confidentially, joining a small cohort of crypto firms — including Grayscale — that have explored public listings despite the crypto market downturn.
The IPO effort also comes as regulatory conditions for crypto firms in the U.S. have begun to stabilize. BitGo recently secured conditional approval for a U.S. banking charter alongside Ripple and Circle, a step that could strengthen its regulatory and reputational footing as it moves closer to public markets. Additionally, the crypto custodian disclosed a revenue surge for 2025 in previous IPO paperwork.
Of note, at least 11 crypto-centric IPOs raised approximately $14.6 billion globally in 2025, The Block previously reported.
© 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
