BitGo, one of the largest crypto custody firms in the United States, is preparing to enter public markets with an initial public offering that could value the company at up to 1.96 billion dollars. The Palo Alto based firm said it plans to raise as much as 201 million dollars by offering 11.8 million shares priced between 15 and 17 dollars each, with both the company and existing shareholders participating in the sale. The listing comes as investor appetite for crypto related equities shows signs of recovery following a volatile period in late 2025. Market participants have increasingly favored companies with regulated business models and established institutional relationships, positioning custody providers like BitGo as comparatively defensive plays within the digital asset sector. The firm intends to list its shares on the New York Stock Exchange under the ticker symbol BTGO, reflecting growing confidence that public markets are again receptive to select crypto focused firms.
The broader IPO market is expected to continue its gradual recovery in early 2026, building on momentum that emerged last year despite macroeconomic headwinds such as tariff related uncertainty, government funding disruptions and valuation pressure across technology stocks. Crypto listings have played a visible role in that rebound, with several high profile debuts helping to reopen the window for new offerings. However, the sector remains sensitive to shifts in risk sentiment, particularly after a sharp digital asset selloff in October that raised the bar for companies seeking investor backing. Analysts note that recent pressure on AI and speculative tech valuations has driven a flight toward quality, favoring firms with clearer revenue models and regulatory alignment. Within that context, BitGo is seen as well positioned to capitalize on early 2026 market conditions, especially as smaller and mid sized indices outperform and create a favorable environment for offerings of its scale.
Founded in 2013, BitGo provides custody, security and infrastructure services for digital assets, a role that has become increasingly critical as institutional participation in crypto markets expands. Custodians have moved closer to the center of market plumbing, supporting exchanges, asset managers and corporate clients that require secure storage and compliance focused solutions. The company’s business has benefited from heightened demand for professional grade custody following past market disruptions that exposed weaknesses in less regulated platforms. Goldman Sachs and Citigroup are serving as lead underwriters for the offering, underscoring the firm’s push to position itself as an institutional grade gateway rather than a speculative crypto venture. As more digital asset companies explore public listings, BitGo’s IPO will be closely watched as a signal of how investors currently value infrastructure providers in a maturing and increasingly regulated crypto ecosystem.
