BitGo Holdings, which provides a digital asset custody, lending, and infrastructure platform, raised $213 million by offering 11.8 million shares (7% secondary) at $18, above the range of $15 to $17. 26k primary shares replaced an equal number of secondary shares that were originally expected to be offered. At pricing, BitGo commands a fully diluted market value of $2.2 billion, 13% higher than previously anticipated.
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 September 30, 2025, BitGo served over 4,900 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 1,550 digital assets, and managed approximately $104.0 billion in assets on platform (AoP).
BitGo Holdings plans to list on the NYSE under the symbol BTGO. Goldman Sachs, Citi, Deutsche Bank, Mizuho Securities, Wells Fargo Securities, Keefe Bruyette Woods, Canaccord Genuity, and Cantor Fitzgerald acted as joint bookrunners on the deal.
