BITGO, one of the leading cryptocurrency custody companies, is studying at the end of 2025. With a rating of $ 1.75 billion in 2023, he follows the direction of other encryption companies aimed at the stock market list.
Let’s see all the details in this article.
Crypto Custom Bitgo explores the entry of public markets with public subscription
BITGO, the institutional company to reduce the encoded currency, is studying an initial general offer (IPO) Early from the end of 2025.
According to I reported BloombergIt is said that the company begins talks with potential consultants to assess the possibility of offering it publicly.
BITGO, founded by Mike Belshe, was founded as one of the leading entities in the digital asset nursery sector. The company provides advanced safety solutions, including multiple signature portfolios and recovery services for those who have lost their money.
In addition to Bitcoin, BITGO runs the nursery of many other cryptocurrencies, with a total value $ 100 billion.
Its latest financing round, which occurred in 2023, allowed the company to raise $ 100 million, reaching a rating of $ 1.75 billion.
Among the prominent investors who support Bitgo leadership in the financial sector, such as Goldman Sachs, Drw Holdings, Redpoint Ventures, and Valor Equity Partners.
E subscription boom in the encryption sector
BITGO is suitable for a general list in a broader context in which many companies in the encryption sector think about the same step.
The increase in the price of bitcoin, which recently exceeded the threshold of $ 100,000, has paid a more appropriate regulatory framework in the United States to consider the stock market a Growth strategy.
Besides BITGO, other companies such as stock exchanges twin and Cornerand The Bullish trading platform (Coindsk Mother’s Company) and Stablecoin I study are studied by a public subscription.
This trend refers to an increasing interest in institutional investors towards companies operating in the cryptocurrency sector.
Strategies and doubts
Despite the enthusiasm for a possible list, internal discussions in Bitgo
Still in The initial stage No final decisions were made.
According to the sources close to this issue, California evaluates market conditions and carefully growing opportunities that the public subscription can provide.
Moreover, in the past, BITGO was the subject of lost acquisitions. In 2021, Galaxy Digital expressed interest in the purchase of the company, but the agreement was subsequently canceled, which led to legal disputes between the two companies.
This episode strengthened BITGO Maintaining control During its operations and exploring new independent growth strategies.
The growing interest in subscriptions in the encryption sector is also part of the advanced political context.
With the Trump administration, experts expect A more convenient position Towards encrypted currencies, which can facilitate the lists of public companies in the sector.
Mike Blashi, BITGO CEO is famous for his financial support for Trump’s presidential campaign, which can indicate more confidence in the company in a more absorbing list of the sector.
However, it remains to see how the organizational scene will develop in the coming months and what its impact on BITGO growth strategies and other encryption companies.
