BitGo Files for U.S. IPO with $90.3B in Crypto Assets Under Custody

BitGo, a leading cryptocurrency custodian, has filed for an initial public offering in the U.S., aiming to list shares under the symbol BTGO. The Palo Alto-based firm reports $90.3 billion in assets under management as of June 2025, serving 4,600 institutional clients and 1.1 million users globally.

The IPO filing signals growing institutional confidence in digital asset infrastructure, particularly under the current regulatory environment. BitGo's platform supports over 1,400 cryptocurrencies, catering to financial institutions, government entities, and high-net-worth individuals.

CEO Michael Belshe maintains control through a dual-class share structure granting 15 votes per share. The company emphasizes its security credentials, including $250 million in insurance coverage and SOC 1/2 compliance audits, positioning itself as a trusted gateway for institutional crypto adoption.