TLDR:
- BitGo confidentially files for a US IPO as crypto valuations climb and investor appetite for digital asset firms grows.
- The crypto market hits 4 trillion, driven by institutional inflows and new US stablecoin regulations signed into law.
- BitGo offers secure crypto custody services and previously raised 100 million at a 1.75 billion valuation in 2023.
- Rising Bitcoin and Ethereum prices fuel an IPO wave among crypto firms, including BitGo, Grayscale, and Gemini.
Crypto custody firm BitGo has confidentially filed for an initial public offering (IPO) in the United States. This move comes as the cryptocurrency market sees renewed interest and rising valuations, attracting institutional investors and corporate support.
Crypto Market Reaches $4 Trillion as Firms Rush to List
The overall crypto market value rose to $4 trillion last week, driven by stronger institutional inflows and clearer global regulations. As a result, several digital asset firms are now preparing for public listings to meet investor demand.
BitGo’s filing comes shortly after similar confidential filings from Grayscale and Gemini. Both companies are also preparing to go public as activity in the U.S. capital markets picks up pace.
The recent growth in the market follows new legislation passed in the United States. President Donald Trump signed a law last week that created a federal regulatory framework for dollar-backed cryptocurrencies, known as stablecoins.
This legal development is expected to support broader adoption of digital currencies in everyday payments. It also adds to investor confidence, which continues to drive up the value of major cryptocurrencies like Bitcoin and Ethereum.
BitGo’s Role in Crypto Custody and Institutional Services
Founded in 2013 and based in Palo Alto, California, BitGo provides security and storage services for digital assets. These services are essential for institutions that need to protect cryptocurrencies from theft or loss.
The company is known for offering custodial solutions that meet U.S. regulatory standards. BitGo helps financial institutions, exchanges, and other clients store assets safely and comply with industry rules.
BitGo last raised $100 million in August 2023, at a reported valuation of $1.75 billion. The company has not yet disclosed the number of shares or the price range for its proposed IPO.
“Security is central to our platform and the trust we provide to clients,” the company said in a past statement about its services. As more institutional investors move into crypto, demand for secure custody continues to rise.
BitGo’s confidential filing does not require it to publicly disclose financial details until a later stage. However, the timing of the move aligns with improving market sentiment and capital availability.
Bitcoin Surge and Institutional Adoption Drive Momentum
Bitcoin recently broke above $120,000, gaining 26% in 2025, while Ethereum has increased by around 14%. This price surge is attracting both retail and institutional interest, further supporting the growth of related service firms like BitGo.
The IPO rush is also supported by corporate treasury strategies that now include crypto. Businesses are using digital assets as part of their broader financial planning and investment operations.
Several fintech and digital asset companies have launched successful IPOs in recent weeks. This trend suggests growing investor appetite and confidence in crypto-related firms.
BitGo’s planned IPO adds to a list of companies aiming to raise capital through public markets during the current crypto upcycle. Although the company has not revealed a date, its filing reflects strong demand for access to crypto infrastructure providers.
With a larger market and increasing regulation, crypto custody companies like BitGo are positioned to play a key role in supporting safe access to digital assets.
