BitGo's revenue in the first three quarters was approximately $10 billion, with projected annual revenue of $16 billion by 2025.
BlockBeats News, January 14th, cryptocurrency asset custody startup BitGo plans to raise up to $201 million through its U.S. initial public offering. It will offer 11.8 million shares of stock at a price range of $15 to $17 per share.
From a performance perspective, the prospectus shows that in the first nine months of 2025, BitGo's revenue was approximately $10 billion, a significant increase from the same period last year (about $1.9 billion). Net profit was around $35.3 million, with net profit attributable to shareholders at approximately $8.1 million. In the same period last year, the company's net profit attributable to shareholders was $5.1 million. As of September 30, 2025, BitGo's platform custodied assets of around $104 billion, supporting over 1,550 types of digital assets. BitGo expects full-year revenue in 2025 to be between $16.02 billion and $16.09 billion.
Founded in 2013, BitGo is one of the largest cryptocurrency custodians in the United States. As institutional interest in cryptocurrency assets grows, the company's role in storing and safeguarding digital assets for clients is becoming increasingly important. Goldman Sachs and Citigroup are the lead underwriters for this offering. BitGo plans to list on the New York Stock Exchange under the ticker symbol "BTGO".
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
As US Treasury yields rise, the cost of borrowing short-term Treasuries surges, with traders aggressively building short positions
The US Treasury will conduct auctions of two-year, five-year, and seven-year Treasury bonds next week. Currently, traders are racing to borrow bonds to short them, driving the borrowing costs for short-term Treasuries sharply higher. On Friday, the overnight repo rate for borrowing the current two-year Treasury was about 0.79%, while the rate for the five-year even dropped to as low as -0.85%. In contrast, the repo rate for regular Treasuries was around 3.88%.
Concentrix EVP Cormac Twomey to step down effective Dec. 31, 2026
Accenture, Anthropic To Build Embedded AI Evaluator Team
VO ETF Falls 0.2%
Crypto prices
More
