New Crypto Custodian Kingpins bitgo Sails Towards $4.19 Billion Revenue and IPO
BitGo, a leading crypto custodian, is set to revolutionize the financial landscape. In just the first half of 2025, the company achieved an extraordinary $4.19 billion in revenue, nearly four times more than previous records. Founded in 2013, BitGo now stands as a powerhouse in digital asset management.
Admirably, BitGo has filed for a U.S. IPO aiming to list on the New York Stock Exchange under the ticker symbol BTGO. Goldman Sachs and Citigroup are steering this financial venture. CEO Michael Belshe, a key figure, retains control through a unique dual-class voting share structure. Class B shares give him important influence over decisions.
- Income surged to $4.19 billion in the first half of 2025
- CEO Michael Belshe holds majority control via dual-class share setup
- IPO marks a watershed moment for BitGo and the broader crypto market
Internationally, BitGo’s scope has broadened. It secured an extended license from Germany’s Federal Financial Supervisory Authority. This aligns with the EU’s markets-in-Crypto-Assets framework, empowering BitGo in europe. Serving crypto exchanges, financial bodies, and governments globally, BitGo demonstrates its reliability with completed Service Organization Control audits.
The crypto IPO market excitement continues. With other accomplished debuts including Circle and Bullish, investors see digital assets less as speculation and more as genuine value. The U.S.’s supportive shift towards crypto adds fire to this market renaissance. BitGo, with its strategic moves and strong performance, is well-positioned to thrive in this vibrant environment.
