BitGo Targets $1.85B Valuation in $201M IPO, Expanding Crypto Custody Services

Crypto custody leader BitGo has confidentially filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The company aims to raise approximately $201 million, targeting a pre-IPO valuation of around $1.85 billion. This strategic move marks a significant step for BitGo as it seeks to capitalize on growing institutional demand for secure digital asset storage and financial services. The funds from the IPO are expected to fuel expansion, enhance its technology platform, and strengthen its position in the competitive cryptocurrency infrastructure market. The filing signals strong investor confidence in the future of regulated crypto services and institutional adoption.