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BitGo Prices IPO Above Range, Eyes $2B+ Valuation

BitGo priced its IPO at $18 per share, looking to raise $212M in the first major crypto listing of 2026.
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Jan 22, 2026 • 1 min read

Crypto custodian BitGo priced its U.S. initial public offering at $18 per share — above its initial $15-$17 range — suggesting a valuation above $2B as it begins trading on the New York Stock Exchange.

What's the Scoop?

  • Market Position: Founded in 2013, BitGo manages $104B in assets and provides custody, wallets, staking, and settlement services across the crypto industry.
  • Offering Details: The IPO consists of 11.8M Class A shares, with BitGo selling 11M directly and existing stockholders selling ~795K.
  • Trading Timeline: Shares begin trading today under ticker "BTGO," with Goldman Sachs and Citigroup serving as lead book-runners.
  • Banking Charter: In December 2025, BitGo received conditional approval for a U.S. banking charter alongside Ripple and Circle, positioning it to operate as a federally regulated trust bank.

Bankless Take:

As the first major crypto-related IPO of the year, the offering's repricing reinforces what we know — there’s strong institutional appetite for crypto. Yet, with a series of crypto IPOs slated for launch this year — Kraken and Consensys, in particular — we’ll see if capital stays with BitGo, or churns through to new opportunities once they come along.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

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