BitGo Files S-1 for NYSE IPO Revealing $3B 2024 Revenue

BitGo, a leading U.S. cryptocurrency custody firm, has officially filed S-1 paperwork with the SEC, signaling its intention to go public on the New York Stock Exchange under the ticker "BTGO." The company reported a dramatic revenue increase, with $4.19 billion in revenue and a net profit of $12.6 million for the first half of 2025, building on over $3 billion in revenue for 2024 and a net income of $156.5 million that year. BitGo's platform growth is notable, with assets on the platform reaching nearly $90 billion and client numbers more than tripling in 2024, reflecting rising institutional and retail adoption. The IPO is underwritten by Goldman Sachs and Citigroup, and the company maintains a dual-class share structure to preserve voting control. BitGo's expansion includes approval under the EU's Markets in Crypto-Assets framework and pursuit of a U.S. national bank charter, positioning it for deeper integration with traditional financial systems. This public listing is expected to provide investors a more accessible route to cryptocurrency exposure and could influence market dynamics similar to prior crypto IPOs.