BitGo Files Confidentially for IPO Amid Crypto Market Expansion

Crypto custody firm BitGo has taken a decisive step toward going public, filing a confidential draft registration with the U.S. Securities and Exchange Commission. The MOVE follows a $100 million Series C funding round in 2023 that valued the company at $1.75 billion.

The Palo Alto-based company joins a growing cohort of digital asset firms seeking public listings, including Gemini and Bullish. This wave of IPO activity comes on the heels of successful public debuts by major industry players like Circle, signaling institutional confidence in cryptocurrency infrastructure providers.

While BitGo withheld specifics about share quantities or pricing, the filing aligns with earlier reports forecasting a second-half 2025 public offering. The custody specialist's trajectory mirrors the broader maturation of crypto financial services as traditional and digital markets continue converging.