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BitGo Files S-1 for NYSE Listing After Revenue Surge and Profit Rebound

The prospectus underscores sharp growth with profitability restored in 2024.

Overview

  • BitGo submitted a public IPO filing to list Class A shares on the NYSE under the ticker BTGO with Goldman Sachs and Citigroup leading the deal.
  • The company reported $4.19 billion in revenue and $12.6 million in profit for the first half of 2025, nearly quadrupling year-over-year revenue.
  • Full-year 2024 results showed more than $3 billion in revenue and $156.5 million in net income, reversing a 2023 loss.
  • Platform metrics included about $90.3 billion in assets on platform, 4,621 clients, and roughly 1.04 million users through mid‑2025.
  • The filing outlines a dual‑class share structure that keeps CEO Michael Belshe in control, cites EU MiCA approval and a U.S. bank charter pursuit, and leaves pricing and timing undisclosed.