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BitGo Files Confidentially for IPO: Crypto Custody Unicorn Aims for Public Debut

Alfred LeeAlfred Lee7h ago

BitGo Files Confidentially for IPO: Crypto Custody Unicorn Aims for Public Debut

In a significant move for the cryptocurrency industry, Palo Alto-based BitGo, a leading crypto custody startup, has confidentially filed to go public, as announced by the company on Tuesday, July 22, 2025. This step positions BitGo among a growing wave of blockchain and crypto firms seeking to capitalize on the surging interest in digital assets and favorable market conditions.

Founded in 2013, BitGo has established itself as a trusted name in digital asset security, offering custody services, financial solutions, and core infrastructure for institutional investors. The company achieved unicorn status in 2023 after raising $100 million in a Series C funding round, valuing it at $1.75 billion.

BitGo’s decision to file for an IPO comes at a time when the crypto sector is experiencing unprecedented growth, with the total market value reportedly reaching $4 trillion. This momentum, coupled with increasing regulatory clarity in the U.S. and EU, has encouraged companies like BitGo to pursue public listings as a means of scaling operations and expanding global reach.

The confidential filing allows BitGo to prepare for its public debut while keeping sensitive financial details private until a later stage. Although specific timelines and financial targets remain undisclosed, industry analysts anticipate the IPO could occur as early as the second quarter of 2025, following earlier reports of the company’s intentions.

This move places BitGo alongside other prominent crypto firms like Grayscale and Bullish in the race to tap into Wall Street’s growing appetite for blockchain technology. The company’s focus on secure custody solutions has become increasingly critical as institutional adoption of cryptocurrencies continues to rise, with BitGo reportedly managing over $100 billion in assets.

As the crypto industry eyes a potential Wall Street boom, BitGo’s IPO filing signals a maturing market ready to integrate with traditional finance. Investors and industry watchers alike will be keenly observing how this unicorn navigates its transition to a publicly traded entity in the coming months.


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BitGo Files Confidentially for IPO: Crypto Custody Unicorn Aims for Public Debut - Crunchbase News (Picture 1)

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