BitGo Files for NYSE IPO Amid Crypto’s Wall Street Push

BitGo has taken a decisive step toward Wall Street with its S-1 filing for a New York Stock Exchange listing under ticker BTGO. The crypto custody specialist plans a dual-class share structure that preserves founder Mike Belshe's voting control while offering public investors Class A shares.

The Palo Alto firm's September 18 SEC submission reveals strategic ambitions beyond capital raising. Proposed funds WOULD fuel technology development, acquisitions, and operational expansion—signaling institutional crypto's maturation. BitGo's move accelerates 2025's trend of digital asset firms pursuing traditional market credibility.

Market observers note the filing's timing coincides with growing institutional demand for regulated crypto exposure. The proposed corporate structure—including NYSE governance exemptions for 'controlled companies'—highlights the balancing act between decentralization ideals and public market realities.