BitGo's high-priced IPO raises over $200 million, becoming the first major crypto company to go public in 2026

U.S. Cryptocurrency Custody Company BitGo Holdings Inc. Officially Listed on the New York Stock Exchange, IPO Price Surpasses Market Expectations Showing Strong Institutional Confidence in Crypto Infrastructure Companies.

BitGo Priced at $$18 per Share, Above Expected Range

On Wednesday, January 22, BitGo announced that its initial public offering (IPO) was priced at $18 per share, significantly higher than the previously announced range of $$15 to $$17 . This move brought BitGo’s fundraising to approximately $212.8 million, with an overall valuation exceeding $2 billion.

Issued Nearly 12 Million Shares, Including Some Existing Shareholders’ Holdings

The IPO involved the issuance of 11,821,595 Class A common shares, of which 11,026,365 shares were issued by BitGo itself, and the remaining 795,230 shares were sold by existing shareholders. Additionally, BitGo granted underwriters a 30-day option to purchase up to 1.77 million additional shares.

Trading Under the Ticker Symbol “BTGO,” Backed by a Strong Underwriting Team

BitGo is scheduled to officially list on the New York Stock Exchange (NYSE) on January 22, with the ticker symbol BTGO. The offering is expected to settle on January 23, subject to customary closing conditions.

Major underwriters include Goldman Sachs and Citigroup, along with a global consortium of financial institutions participating in the underwriting team, providing funding and market support for BitGo’s public listing.

Investors Respond Enthusiastically, Reflecting Growing Attention to Crypto Infrastructure

BitGo’s higher-than-expected IPO pricing indicates that, despite ongoing regulatory challenges and price volatility in the crypto market, institutional investors remain optimistic about the long-term potential of crypto infrastructure companies. This IPO also marks one of the first major crypto industry listings in 2026, serving as a market indicator.

Managing $10 Billion in Custody Assets, BitGo Remains a Leading U.S. Crypto Custodian

Founded in 2013, BitGo is now one of the largest crypto asset custody providers in the United States. According to its official website, the platform currently manages assets worth up to $104 billion. Its services include:

• Crypto Asset Custody
• Hot and Cold Wallet Services
• Staking
• Settlement

These services make it a key partner for institutional clients, especially in the highly secure and compliant crypto sector, where BitGo’s role is increasingly significant.

Regulatory Environment in the U.S. Stabilizes, Favoring Future Development

BitGo’s listing also coincides with the gradual clarification of the U.S. crypto regulatory environment. In December 2025, BitGo received conditional approval for a banking license from U.S. banking regulators, joining Ripple and Circle in obtaining this qualification, paving the way for further expansion of its financial services. This move positions BitGo to potentially transform into a federally regulated trust bank, greatly enhancing its legitimacy and market trust.

This article, “BitGo’s High-Price IPO Raises Over $200 Million, Marking the First Major Crypto Company Listing in 2026,” originally appeared on Chain News ABMedia.