BlockBeats News, September 20, Cryptocurrency custody company BitGo officially submitted its S-1 filing to the U.S. SEC, initiating the IPO process. Founded in 2013, BitGo is one of the largest cryptocurrency custody companies in the United States. It provides customers with storage and protection of digital assets. BitGo plans to list on the New York Stock Exchange under the ticker symbol “BTGO.” Goldman Sachs and Citigroup are the lead underwriters for this issuance.
According to the disclosed documents, for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022, BitGo’s total revenues were $3.1 billion, $926.3 million, and $2.5 billion, with net profits of $156.6 million, $2.1 million, and $4.6 billion, respectively. For the six months ended June 30, 2025, the company’s total revenue was $4.2 billion, with a net profit of $12.6 million.
