 
 
Crypto custody provider BitGo submitted a confidential draft registration statement to the U.S. Securities and Exchange Commission, the firm announced on Monday, signaling its intention to take the company public.
The move adds BitGo to the number of growing companies lining up to take their companies public, with Bitcoin recently setting new all-time highs as the Trump administration’s pro-crypto stance boosts market confidence.
BitGo Joins Crypto IPO Frenzy
On Monday, BitGo announced it had confidentially filed for a proposed IPO of its Class A common stock. Filing IPO documents confidentially with the Securities and Exchange Commission lets companies like BitGo keep financial details private while working on the offering.
Launched in 2013, BitGo stored digital assets for institutional customers, including exchanges, banks, and investment companies. It’s widely considered one of the biggest cryptocurrency custodians in the United States.
The Palo Alto-based company was valued at around $1.75 billion after it completed a Series C fundraising round of $100 million in August 2023. According to Bloomberg, BitGo’s assets under custody surpassed $100 billion by the end of the first half of 2025.
 
BitGo’s filing comes as the total cryptocurrency market capitalization rocketed past the $4 trillion milestone for the first time ever before retreating slightly.
This year’s meteoric rally in crypto asset prices, growing investor demand, and a string of regulatory victories in the U.S have triggered a wave of IPO activity under Trump’s pro-crypto administration.
Circle’s dynamite IPO earlier last month was massively successful, beating the initial public market performance of tech giants like Meta and Uber. Circle’s shares have risen over 620% since their listing, buoyed by institutional adoption of its dollar-pegged USDC stablecoin.
As ZyCrypto reported last week, asset management giant Grayscale Investments also filed a confidential submission with the SEC for a US stock market debut. And, a number of centralized crypto exchanges, among them, Winklevoss-founded Gemini and Peter Thiel-backed Bullish, are also reportedly gearing up for their own public listings.
Source: https://zycrypto.com/bitgo-joins-circle-grayscale-in-filing-for-us-stock-market-debut-as-crypto-market-tops-4-trillion/