Overview

• BitGo submitted an S-1 to list Class A shares on the New York Stock Exchange under the ticker BTGO, naming Goldman Sachs and Citigroup as lead underwriters.
• First-half 2025 revenue reached $4.19 billion with net income of $12.6 million, down from $30.9 million a year earlier as operating costs tightened margins.
• The company reported over $3 billion in revenue for 2024 and $156.5 million in net income, marking a return to profitability after 2023.
• Assets on platform totaled $90.3 billion as of June 30, 2025, with concentrations in Bitcoin (48.5%), Sui (20.1%), Solana (5.7%), XRP (3.9%) and Ethereum (3.0%).
• The S-1 cites European MiCA/BaFin approvals and a pursuit of a U.S. bank charter, notes a dollar‑backed stablecoin plan under development, and leaves pricing, share count and timing undisclosed pending SEC review.