BitGo стартует на бирже с оценкой $2 млрд и поддержкой Chanpeng Zhao Translation: BitGo debuts on the exchange with a $2 billion valuation and support from Chanpeng Zhao

On January 22, cryptocurrency custodian BitGo made its debut on the New York Stock Exchange (NYSE) under the ticker symbol BTGO.

During its IPO, the company issued 11,821,595 Class A shares. Out of this total, over 11 million shares were sold by BitGo itself, while the remaining 795,000 were offered by existing shareholders. The lead underwriters for the IPO were Goldman Sachs and Citigroup.

BitGo also granted the underwriters a 30-day option to purchase an additional 1.77 million shares.

The opening price was set at $18, and trading commenced with a rapid spike of 36%, reaching an intraday high of $24.50.

However, the stock could not maintain its momentum and gradually decreased until the end of the trading session. The day concluded with shares priced at $18.49, resulting in a modest daily gain of only 2.7% compared to the offering price.

Through this public offering, BitGo raised approximately $212.8 million, valuing the company at $2 billion.

The company submitted its IPO application to the SEC in September, reporting custody of assets valued at around $90.3 billion at that time.

BitGo’s clientele comprises about 4,600 organizations and high-net-worth individuals, along with over 1.1 million end users.

In parallel with its stock market entry, BitGo forged a partnership with investment firm YZi Lab, which is affiliated with former Binance CEO Changpeng Zhao. The specifics of the new investor’s financial commitment remain undisclosed.

Representatives from YZi Labs expressed their confidence that regulated cryptocurrency infrastructure in the U.S. will play a «key role» in the increasing influx of institutional capital into digital assets.

“BitGo’s impeccable security reputation, maintained for over a decade without a single hack, stands as a direct testament to the robust technical foundation laid by its founder and CEO, Mike Belshe,” noted Ella Zhang, head of YZi Labs.

Belshe characterized the fund’s support as «more than just money,» stating that the strategic investments reflect a collective belief in the industry’s future.

According to the Financial Times, Ledger is planning to go public on the NYSE, with the company potentially valued at $4 billion.

Insider sources indicated that the firm is working on a deal with Goldman Sachs, Jefferies, and Barclays. The IPO could occur by the end of 2026.

Investor interest in the sector has noticeably increased following Donald Trump’s return to the U.S. presidency in 2024. The new administration has taken a proactive stance, supporting the digital asset industry and prioritizing cryptocurrency development as a national strategic goal.

In 2025, exchanges such as Gemini and Bullish, along with issuer Circle, went public. The Kraken trading platform is also considering an IPO in the first quarter of 2026.

It is worth noting that in November, Ripple President Monica Long denied plans for an IPO for the fintech company.