BitGo Goes Public on NYSE, Raises $212 Million

BitGo Holdings debuted on the NYSE on January 22, 2026, with shares starting at $18, marking the first U.S. crypto company IPO this year.

The IPO raised approximately $212 million, signaling increased investor confidence in cryptocurrency infrastructure and promising future growth opportunities in digital asset custody services.

BitGo’s Historic IPO: Raising $212 Million at $18/Share

BitGo Holdings’ entry onto the New York Stock Exchange at $18 per share raised $212 million. The offering surpassed initial estimates, valuing BitGo at over $2.1 billion. Managed by Goldman Sachs and Citigroup, BitGo provided 11,026,365 shares, while 795,200 were from existing shareholders.

Market dynamics are influenced, with an intraday high of $24.50 and a closing of $18.25 per share. With these fluctuations, the cryptocurrency market saw increased investor interest, reflecting the anticipated financial stability and growth in BitGo’s future.

Statements from key figures, including Matthew Sigel of VanEck, highlighted BitGo’s “unblemished security record,” projecting significant future revenues. Sigel termed it a “superior asset” compared to most digital assets with similar valuations, reinforcing investor confidence.

Mike Belshe, CEO of BitGo, stated, “By becoming a federally chartered digital asset trust bank in the United States, BitGo is setting the new standard for transparency, security, and regulatory clarity across the evolving landscape of financial services.” – BusinessWire

BitGo IPO Paves Way for New Crypto Regulations

Did you know? Matthew Sigel predicts BitGo’s revenue might exceed $400 million by 2028, exemplifying its growing strength compared to $2 billion+ market cap digital assets.

Bitcoin (BTC) currently trades at $89,515.61 with a market cap of $1.79 trillion. A 0.40% decline in the past 24 hours marks current trends, while its 90-day decrease standing at 19.22% reflects broader market impacts (CoinMarketCap).

Experts believe BitGo’s IPO could herald new regulatory frameworks, improving clarity and investor protections in the cryptocurrency space, according to the Coincu research team. Historical trends suggest growing institutional interest in crypto custody solutions, potentially shaping market growth.