BitGo Inc. (NYSE: BTGO) successfully completed its U.S. IPO, pricing shares at $18 and raising over $212 million. With 115.56 million shares outstanding, the company achieved an initial market capitalization of approximately $2.08–2.1 billion, per Cryptocurrency Press. Lead underwriters Goldman Sachs and Citigroup facilitated the offering, marking the first major crypto custody firm to go public in 2026.
Analysts project BitGo’s revenue to exceed $400 million by 2028, representing a 26% compound annual growth rate (CAGR). Matthew Sigel, Head of Digital Assets Research at VanEck, attributes this trajectory to:
In a bullish scenario with Bitcoin surpassing $120,000, VanEck forecasts a $26.50 share price. A more conservative estimate places BTGO at $21, driven by steady earnings from custody and staking operations.
BitGo’s reputation for zero hacking losses since inception strengthens investor confidence. The company’s focus on regulated custody, stablecoin infrastructure, and tokenization services positions it to capture rising institutional demand. The IPO reflects broader market maturity, with crypto-native firms transitioning to public markets amid improving regulatory clarity (including the CLARITY Act and SEC rule-making).
This milestone could accelerate institutional adoption of Bitcoin and Core (CORE) staking solutions, as seen in recent Core Foundation–Hex Trust partnerships.
BitGo’s public listing provides direct exposure to the growing crypto custody and tokenization sectors. Key levels to watch include:
Investors should monitor Bitcoin price trends ($113,234 current), RWA adoption metrics, and upcoming SEC developments. Dollar-cost averaging into BTGO with stop-losses below $15 offers a balanced entry strategy.
The successful IPO validates the crypto custody business model and may encourage other infrastructure providers to pursue public listings in 2026–2027.
