Overview

• BitGo submitted an S-1 to list Class A stock on the NYSE under the ticker BTGO, naming Goldman Sachs and Citigroup as lead underwriters.
• The company posted $4.19 billion in revenue and $12.6 million in net profit for the first half of 2025 after recording $3.08 billion in 2024 revenue and $156.5 million in net income.
• Platform metrics show about $90.3 billion in assets on platform in the first half of 2025 with 4,621 clients and a user base exceeding 1 million.
• A dual-class structure granting 15 votes per Class B share will keep CEO Michael Belshe in control, qualifying BitGo as a controlled company under NYSE rules.
• The prospectus cites new European permissions under MiCA, a U.S. national bank charter pursuit, and a planned dollar-backed stablecoin, while pricing, size, and timing of the IPO remain undisclosed.