Main notes
- BITGO files for US IPO, Ticker BTGO, led by Goldman Sachs and Citigroup.
- Revenue increased 4x in H1 2025 to $ 4.19 billion, with $ 90 billion in reservation assets.
- CEO Michael Bilchy maintains control through a double -class participation structure.
The BITGO giant CDTO has applied for the US public subscription subscription, and is looking to ride a wave of prosperous demand for the infrastructure of digital assets. The Palu Alto -based company is planning to include its “A” category on the New York Stock Exchange under the BTGO index.
BITGO has witnessed a rapid growth, as it reported the revenues of $ 4.19 billion for the first half of 2025, or nearly four times the amount for the same period last year, with a net income of $ 12.6 million. Throughout 2024, it brought 3 billion dollars.
The company is now running more than $ 90.3 billion of assets, supports 1,400 digital symbols, serves 4,600 customers and 1.1 million users in more than 100 countries.
Public subscription background
the presentation It comes at a time when the public subscription market in the United States is rising again in 2025, and it is fueled by the FBI price discounts and the appetite of the investor renewable.
Goldman Sachs and Citigroup leads Bitgo, which follows successful lists of encryption names such as Circle and Gemini. The public subscription was in June, when more than 360 % rose, while the last Gemini struggled, 14 %.
CEO Michael Bilshi will retain control through the first -class dual structure, and hold the category shares with 15 votes each. This is a BITGO as a “controlled company” on the New York Stock Exchange, allowing it to overcome some rules of governance.
Global expansion
BITGO also expands its international scope. Only this month, her European arm obtained a license from Germany Pavin To provide trading, custody, tricks, and transfers under the new MICA framework for the European Union.
This step puts BITGO in direct competition with large banks such as Deutsche Bank and Citigroup, both of which are transmitted to coding custody.
Usds supported by dollars
BITGO earlier this month revealed that it plans to launch Stablecoin with the support of USD. Stablecoin is unique in the fact that it will reward the institutions that provide liquidity for the ecological system.
According to Belshe CEO, Stablecoin exporters in the current market are not operating an open and fair system. He said that Stablecoin stems from those who use it.
With the high institutional demand, BITGO puts itself in a incentive position in a new era of adoption.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.
The post BitGo Gunning for IPO after Massive Revenue Surge first appeared on Investorempires.com.
