According to BlockBeats, cryptocurrency custody firm BitGo has officially filed an S-1 document with the U.S. Securities and Exchange Commission (SEC) to initiate its initial public offering (IPO) process. Established in 2013, BitGo is one of the largest cryptocurrency custody companies in the United States, providing storage and protection of digital assets for its clients. The company plans to list on the New York Stock Exchange under the ticker symbol 'BTGO,' with Goldman Sachs and Citigroup serving as the lead underwriters for the offering.
The disclosed financial documents reveal that BitGo's total revenue for the years ending December 31, 2024, 2023, and 2022 were $3.1 billion, $926.3 million, and $2.5 billion, respectively. The net profits for these years were $156.6 million, $2.1 million, and $4.6 billion, respectively. For the six months ending June 30, 2025, the company reported total revenue of $4.2 billion and a net profit of $12.6 million.