BitGo Joins Grayscale and Gemini in Filing for a Crypto IPO

• BitGo filed a confidential Form S‑1 with the SEC on July 21, planning a U.S. IPO.
• The crypto market’s 2025 rally and regulatory clarity have encouraged firms like Grayscale and Gemini to file IPOs.
• BitGo’s listing date depends on SEC review and market conditions; no public timeline has been confirmed yet.

Crypto custody firm BitGo has confidentially filed for an initial public offering (IPO) in the United States, according to a July 21 Reuters report. The company submitted a draft S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), though details like share numbers and pricing remain private for now.

Founded in 2013, the Palo Alto-based BitGo provides custody, wallet, and trust services for institutional clients. The firm was valued at $1.75 billion after a $100 million funding round in 2023. This IPO filing signals BitGo’s intent to tap public markets during a time of renewed interest in the crypto industry.

Crypto Market Conditions Support Timing

BitGo’s filing arrives as the broader crypto market experiences a major rebound. Bitcoin has climbed over 26% since the beginning of 2025. Meanwhile, the total market ca…

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