The company’s filing for an initial public offering showed revenue of $4.19 billion and a profit of $12.6 million for the six months ended June 30, up from $1.12 billion in revenue and $30.9 million in profit in the first half of 2024.
The numbers reflect a booming appetite for crypto services and signal that investors are increasingly viewing digital assets as a serious financial asset class.
Institutional Demand Drives Growth
Founded in 2013, BitGo is one of the largest crypto custody providers in the United States. As investor interest in cryptocurrencies grows, firms like BitGo play a vital role in ensuring that digital assets are safely stored and managed.
According to Reuters, BitGo disclosed in its IPO filing with the U.S. SEC that its revenue reached $4.19 billion in the first half of 2025, nearly quadrupling year-over-year, with a net profit of $12.6 million. Founded in 2013, BitGo is one of the largest crypto custody…
— Wu Blockchain (@WuBlockchain) September 20, 2025
Recent market trends have reinforced this demand. Successful U.S. crypto IPOs, including Circle, the stablecoin issuer, exchange platform Bullish, and blockchain lender Figure, have drawn significant investor attention and highlighted the sector’s growing legitimacy. Josef Schuster, CEO of IPO research firm IPOX, stated that investors are increasingly viewing digital assets not as purely speculative instruments, but as an emerging asset class.
“The shift toward institutional adoption is reflected in the increasing number of crypto firms preparing for IPOs, signaling a maturing industry.” – Deloitte 🙇♂️
“Ripple won’t miss the opportunity to IPO in 2025” + “Companies planning an IPO in 2025: Ripple” ✅
This is all… pic.twitter.com/pmdxWzuPpW
— SMQKE (@SMQKEDQG) March 17, 2025
According to Reuters, BitGo intends to list on the New York Stock Exchange under the symbol BTGO, with Goldman Sachs and Citigroup serving as lead underwriters. The IPO comes at a time when U.S. capital markets are seeing one of the busiest schedules of offerings since 2021. After months of uncertainty caused by tariff concerns, crypto companies are leading a wave of new listings, signaling renewed investor confidence.
BitGo Expands Access to Hyperliquid with $hwHLP Support
BitGo is now enabling institutions to access Hyperliquid by supporting $hwHLP, one of the fastest-growing trading venues in crypto. With this integration, institutional clients can trade confidently, leveraging BitGo’s secure and regulated custody services while enjoying seamless connectivity to Hyperliquid’s high-speed market infrastructure.
BitGo is expanding access to Hyperliquid with $hwHLP support.
Institutions can now connect to one of the fastest-growing trading venues with the confidence of BitGo’s secure, regulated custody and seamless integration.
This strengthens our mission to deliver safe, compliant… pic.twitter.com/EBtEBnPkdI
— BitGo (@BitGo) September 19, 2025
This move strengthens BitGo’s role as a trusted gateway for professional investors seeking both security and liquidity in the digital asset space.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies presented are the thoughts and opinions of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments; therefore, please conduct your due diligence. Copyright Altcoin Buzz Pte Ltd.
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