Citing CoinDesk, BitGo, a crypto custodian, has filed an S-1 registration with the SEC to list Class A common stock on the NYSE under the ticker BTGO. The filing reveals BitGo's significant revenue growth, with $4.19 billion generated in the first half of 2025, compared to $1.12 billion in the same period of 2024. Despite the revenue increase, net income fell to $12.6 million due to rising operating costs. Founded in 2013 and based in Palo Alto, BitGo manages over $90 billion in cryptocurrency, with assets concentrated in Bitcoin, Sui, Solana, XRP, and Ethereum. The IPO aims to fund technology development and acquisitions. The dual-class share structure ensures CEO Mike Belshe retains control. This move follows similar public listings by other crypto firms like Circle and Gemini.
BitGo Files S-1 for NYSE Listing, Reports $4.19B Revenue in H1 2025
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