Key Insights:
- BitGo launches its IPO on Thursday, making headlines in the latest crypto news column.
- The BitGo IPO price would be at $18 per share.
- 795,230 shares sold by existing stockholders.
In the latest crypto news, BitGo IPO will debut its shares on the New York Stock Exchange on Thursday. Recent SEC filings show that the company’s founders and early backers will retain significant stakes following the listing, a signal of insider conviction as the company steps into the public spotlight.
The crypto custody firm set its IPO price above the previously marketed range of $15 to $17, signaling solid investor demand. Trading is expected to begin under the ticker “BTGO,” with the offering scheduled to close on Friday, subject to standard conditions.
BitGo is offering 11.8 million Class A shares, which will raise an estimated $212.8 million in gross proceeds and imply a valuation of just over $2 billion.
The crypto firm has grown into one of the largest digital asset custodians globally from its founding in 2013. BitGo has reported more than $90 billion in assets under custody.
The listing is a rare moment for the crypto sector, positioning BitGo as one of the first pure play custody firms to go public in the United States. Besides, it also highlights Wall Street’s growing interest in infrastructure and asset security over trading-led businesses.
Existing Stockholders to Sell 795,230 BitGo Shares in Latest Crypto News
Crypto news indicates the offering includes 11.8 million newly issued Class A shares from BitGo, in addition to 795,230 shares sold by select existing stockholders, according to SEC filings. Most of the IPO money is set to go straight to BitGo, since the bulk of the offering consists of newly issued shares.
By contrast, the secondary component is smaller, meaning only a limited amount of existing stock is being sold into the market at launch.
That setup matches what the paperwork shows. Form 3 filings with the U.S. Securities and Exchange Commission indicate that control remains concentrated among BitGo’s founders, senior leadership, and early investors.
Chief executive Michael Belshe remains the key holder, even as the company steps onto the public stage.
Belshe Disclosed Ownership of One Million Class A Shares
Belshe disclosed ownership of one million Class A shares, primarily tied to restricted stock units that vest over time, alongside several million Class B shares that are convertible into Class A stock. He also holds sizable option awards that could materially expand his equity position if exercised.
BitGo’s dual-class share structure ensures insiders retain voting rights after the company goes public. A governance model by technology and crypto infrastructure companies seeking long-term strategic flexibility.
Thirteen BitGo stakeholders filed Form 3 statements on Wednesday, detailing beneficial ownership positions. These include holdings by chief revenue officer Fang Chen and board chairman Brian Brooks.
Newly appointed directors like Vivek Krishna Pattipati reported no equity ownership at the time of filing the statements.
Institutional investors, including Valor Equity Partners and Redstone, also reported sizable holdings, reflecting continued support from long-time backers as BitGo begins trading publicly.
As outlined by the prospectus proceeds from the secondary sale will go to existing stockholders rather than the company.
BitGo has also granted underwriters a 30-day option to purchase up to 1.77 million additional Class A shares at the offering price, a move typically used to manage post-listing demand.
Recent Crypto IPO Listings
As per recent crypto news around listings point to a reopening of the IPO market across several sectors. Circle Internet Group’s NYSE launch in mid-2025 traded well after pricing at around $31 per share.
CoreWeave’s AI-heavy IPO, which pulled in about $1.5 billion, sent a clear message: investors are still willing to fund the plumbing behind the AI boom. Cloud capacity and infrastructure play remain easier sells than many consumer tech stories right now.
India is also lining up a new batch of big listings, with names like fintech giant PhonePe often mentioned in that pipeline.
If that appetite holds, the next wave could easily spill into crypto.
A few late-stage private companies are already on the watchlist for 2026 as per recent crypto news, and Kraken is one of the names that keeps coming up in market chatter.
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