BitGo Holdings, which provides a digital asset custody, lending, and infrastructure platform, filed on Friday with the SEC for an initial public offering we estimate could raise up to $300 million.
The company provides digital asset infrastructure for institutional clients through a technology platform that integrates custody, wallets, liquidity, and infrastructure services. Its offerings include self-custody wallets, other custody services, trading services, borrowing, and lending, and infrastructure-as-a-service for stablecoins and crypto applications. As of June 30, 2025, BitGo served over 4,600 clients and 1.1 million users across more than 100 countries, including financial institutions, technology platforms, corporations, government agencies, and high-net-worth individuals. The platform supported over 1,400 digital assets, and managed approximately $90.3 billion in assets on platform (AoP).
The Palo Alto, CA-based company was founded in 2013 and booked $6.1 billion in revenue for the 12 months ended June 30, 2025. It plans to list on the NYSE under the symbol BTGO. BitGo Holdings filed confidentially on July 18, 2025. Goldman Sachs, Citi, Deutsche Bank, Mizuho Securities, Wells Fargo Securities, Keefe Bruyette Woods, Canaccord Genuity, and Cantor Fitzgerald are the joint bookrunners on the deal. No pricing terms were disclosed.
