- Palo Alto-based company is now valued at about $2.08b.
Crypto custody firm BitGo Holdings priced its US IPO at $18 per share, above the $15–$17 range, raising $212.8 million and valuing the Palo Alto-based company at about $2.08 billion. The sale of 11.8 million shares sets up the first US stock market debut by a digital-asset company in 2026.
The listing lands amid regulatory flux, as Congress advances a market structure bill to delineate securities vs. commodities oversight, while industry leaders including Coinbase warn it could constrain core operations. Sentiment has also been jarred by an October crypto selloff, heightening the bar for new issuance.
BitGo’s debut will test investor appetite ahead of expected offerings from Grayscale and reportedly Kraken. Earlier in 2025, Circle and Figure went public during a more bullish window for digital-asset names, buoyed by President Donald Trump’s pro-crypto stance and support for frameworks like the stablecoin-focused GENIUS Act, which coincided with Bitcoin hitting record highs in the first half of 2025.
Founded in 2013, BitGo is among the largest US crypto custodians, safeguarding client digital assets as institutional participation grows. Goldman Sachs and Citigroup are lead underwriters for the offering.
Discover more from TechChannel News
Subscribe to get the latest posts sent to your email.