🚀 BitGo (BTGO) Goes Public at $18 | Big Win for Crypto Infrastructure!

Crypto custody giant BitGo Holdings has officially priced its IPO at $18, above the expected range, raising $212.8M and securing a $2.1B valuation 💰

📈 What’s driving the hype?

• 11.8M shares sold with strong institutional demand

• First crypto firm to go public in 2026

• Trading on the New York Stock Exchange under ticker BTGO 🏛️

• Underwriters include Goldman Sachs and Citigroup

🔐 Why investors are bullish

BitGo is not a trading platform. It is focused on core crypto infrastructure.

• $104B+ assets under custody, nearly 2x YoY 🔥

• 9-month revenue up 65% YoY to around $140M

• Strong exposure to custody, staking, and institutional services

📊 Forward-looking outlook

According to VanEck, BitGo could generate $400M+ in revenue and $120M EBITDA by 2028, with a fair valuation near $2.4B 👀

That points to potential upside beyond IPO pricing.

⚠️ Market reality check

Crypto markets remain volatile, but BTGO’s oversubscription, above-range pricing, and national trust bank charter give it a strong edge compared to past crypto IPOs.

Bottom line

Institutions are betting big on crypto infrastructure, not speculation.

Is BTGO the start of a new wave of crypto IPOs?

👇 What’s your take?