Digital asset infrastructure platform BitGo sets terms for $189 million IPO
January 22, 2026 News
Digital asset infrastructure platform BitGo prices IPO at $18, above the range
BitGo Holdings, which provides a digital asset custody, lending, and infrastructure platform, raised $213 million by offering 11.8 million shares （7% secondary） at $18, above the range of $15 to $17. 26k primary shares replaced an equal number of secondary shares that were originally expected to be offered. At pricing, BitGo commands a fully diluted market value of $2.2 billion, 13% higher than previously anticipated.
IPO Overview
BitGo Holdings, which provides a digital asset custody, lending, and infrastructure platform, announced terms for its IPO on Monday.
The Palo Alto, CA-based company plans to raise $189 million by offering 11.8 million shares （7% secondary） at a price range of $15 to $17. At the midpoint of the proposed range, BitGo Holdings would command a fully diluted market value of $2.0 billion.
The company provides digital asset infrastructure for institutional clients through a technology platform that integrates custody, wallets, liquidity, and infrastructure services. Its offerings include self-custody wallets, other custody services, trading services, borrowing, and lending, and infrastructure-as-a-service for stablecoins and crypto applications. As of June 30, 2025, BitGo served over 4,600 clients and 1.1 million users across more than 100 countries, including financial institutions, technology platforms, corporations, government agencies, and high-net-worth individuals. The platform supported over 1,400 digital assets, and managed approximately $90.3 billion in assets on platform （AoP）。
BitGo Holdings was founded in 2013 and booked $11.1 billion in revenue for the 12 months ended September 30, 2025. It plans to list on the NYSE under the symbol BTGO. Goldman Sachs, Citi, Deutsche Bank, Mizuho Securities, Wells Fargo Securities, Keefe Bruyette Woods, Canaccord Genuity, and Cantor Fitzgerald are the joint bookrunners on the deal. It is expected to price the week of January 19, 2026.
About the Company
Our mission is to accelerate the transition of the financial system to a digital asset economy. We seek to achieve this mission by providing the trust, technology, and infrastructure institutions seek to participate confidently in digital assets. Through our platform, we deliver secure and scalable solutions, offering self-custody wallet, qualified custody, liquidity and prime, and infrastructure-as-a-service to investors, builders, and other participants in the digital asset ecosystem. Today, our team is focused on expanding our platform to include a broader suite of financial services offerings, built on our foundational technology that institutional clients rely on to power their businesses. Our clients range from crypto-native companies that use our self-custody wallet technology to traditional financial services firms that leverage our licensed custody, staking, and trading capabilities within their own products and services. The Number of Clients and Number of Users we provided custody, wallet, liquidity （including staking, trading, and settlement） and infrastructure solutions to were over 4,600 and over 1.1 million, respectively, including digital asset ecosystem companies, financial institutions, technology platforms, corporations, and government agencies, as well as High Net Worth Individuals （“HNWIs”）， in over 100 countries as of June 30, 2025.