{"id":38066,"date":"2025-07-22T06:01:45","date_gmt":"2025-07-22T06:01:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38066"},"modified":"2025-07-22T06:01:45","modified_gmt":"2025-07-22T06:01:45","slug":"bitgo-files-for-ipo-as-crypto-firms-head-to-wall-street","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38066","title":{"rendered":"BitGo Files for IPO as Crypto Firms Head to Wall Street"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">BitGo has filed confidentially with the U.S. Securities and Exchange Commission to go public, joining a growing list of crypto companies preparing for the stock market. The California-based firm is known for providing custody services to institutions and managing over $100 billion in digital assets.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">A Decade in the Game<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Founded in 2013 by Mike Belshe and Ben Davenport, BitGo has built its name on secure storage. <\/span><span data-preserver-spaces=\"true\">Its clients include exchanges, hedge funds, and banks <\/span><span data-preserver-spaces=\"true\">looking for<\/span><span data-preserver-spaces=\"true\"> ways to hold crypto <\/span><span data-preserver-spaces=\"true\">safely<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> The company offers multisig wallets, insurance coverage, and detailed compliance systems. <\/span><span data-preserver-spaces=\"true\">In 2023, it raised $100 million at a $1.75 billion <\/span><span data-preserver-spaces=\"true\">valuation<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f680.png\" alt=\"\ud83d\ude80\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Ethereum ETFs hit a record $2.2B in weekly inflows, outpacing Bitcoin and signaling a shift in institutional focus.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f4c8.png\" alt=\"\ud83d\udcc8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> BitGo files for IPO after Circle\u2019s debut, marking a surge in crypto firms eyeing public markets and shifting sentiment.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f91d.png\" alt=\"\ud83e\udd1d\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Kraken invests in StablR,\u2026<\/p>\n<p>\u2014 Market Machina (@market_machina) <a href=\"https:\/\/twitter.com\/market_machina\/status\/1947326019469221987?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">July 21, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span data-preserver-spaces=\"true\">Market Timing Looks Ideal<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">This filing comes as Bitcoin pushes past $120,000 and the <\/span><span data-preserver-spaces=\"true\">total<\/span><span data-preserver-spaces=\"true\"> crypto market value nears $4 trillion. Investors are finally treating the sector less like a fad and more like financial infrastructure. <\/span><span data-preserver-spaces=\"true\">With new rules for stablecoins now signed into law, regulatory pressure is <\/span><span data-preserver-spaces=\"true\">starting to shift<\/span><span data-preserver-spaces=\"true\"> toward clarity.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">BitGo\u2019s move shows confidence in that direction. And it\u2019s not the only one. <\/span><span data-preserver-spaces=\"true\">Circle went public last month, raising over<\/span><span data-preserver-spaces=\"true\"> a <\/span><span data-preserver-spaces=\"true\">billion <\/span><span data-preserver-spaces=\"true\">dollars<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> Gemini and Bullish are also preparing to file. For now, BitGo hasn\u2019t shared how many shares it plans to sell or at what price, <\/span><span data-preserver-spaces=\"true\">which usually<\/span><span data-preserver-spaces=\"true\"> comes once the public paperwork is in.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">9+ Best High-Risk, High-Reward Crypto to Buy in July2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Crypto IPOs Are Starting to Look Familiar<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Analysts say what\u2019s changed isn\u2019t just the price of Bitcoin, but the business models behind these companies. <\/span><span data-preserver-spaces=\"true\">BitGo and its peers now <\/span><span data-preserver-spaces=\"true\">look more like<\/span><span data-preserver-spaces=\"true\"> traditional financial firms, with recurring revenue, risk controls, and a growing list of institutional clients.<\/span><span data-preserver-spaces=\"true\"> That helps them tick the boxes <\/span><span data-preserver-spaces=\"true\">public<\/span><span data-preserver-spaces=\"true\"> markets look for.<\/span><\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-btc\" data-coin-symbol=\"btc\" data-price-usd=\"BTC Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-logo\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/02\/26205235\/btc.svg\" alt=\"btc logo\"><\/div>\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">Bitcoin<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">BTC<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$2.33T<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"30d\">30d<\/span><span class=\"cpp-chart-selector\" data-period=\"1y\">1y<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">All time<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-687f271f521a8\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<p><span data-preserver-spaces=\"true\">Circle\u2019s recent IPO was a strong signal. Its stock price tripled after listing. <\/span><span data-preserver-spaces=\"true\">While <\/span><span data-preserver-spaces=\"true\">that kind of<\/span><span data-preserver-spaces=\"true\"> response is rare, it sets the tone for firms like BitGo looking to follow.<\/span><span data-preserver-spaces=\"true\"> The key is whether these companies can stay profitable in a volatile market.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Why Custody Still Matters<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">In a world where more institutions are handling crypto, safe custody has become non-negotiable. That\u2019s where BitGo has an edge. <\/span><span data-preserver-spaces=\"true\">Its infrastructure was built specifically for large clients who <\/span><span data-preserver-spaces=\"true\">need<\/span><span data-preserver-spaces=\"true\"> security and compliance built in.<\/span> <span data-preserver-spaces=\"true\">If BitGo <\/span><span data-preserver-spaces=\"true\">lists<\/span><span data-preserver-spaces=\"true\"> successfully, it could <\/span><span data-preserver-spaces=\"true\">push<\/span><span data-preserver-spaces=\"true\"> other banks and asset managers to adopt similar platforms instead of building their own.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">A Lot Still Has to Go Right<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Of course, just filing doesn\u2019t mean it\u2019s a done deal. Markets are unpredictable, and crypto regulation is still evolving. <\/span><span data-preserver-spaces=\"true\">BitGo will <\/span><span data-preserver-spaces=\"true\">have<\/span><span data-preserver-spaces=\"true\"> to <\/span><span data-preserver-spaces=\"true\">show<\/span><span data-preserver-spaces=\"true\"> that its model can withstand both a bear market and the <\/span><span data-preserver-spaces=\"true\">pressure<\/span><span data-preserver-spaces=\"true\"> of <\/span><span data-preserver-spaces=\"true\">public scrutiny<\/span><span data-preserver-spaces=\"true\">.<\/span> <span data-preserver-spaces=\"true\">There\u2019s also competition from newer platforms and legacy firms <\/span><span data-preserver-spaces=\"true\">stepping into<\/span><span data-preserver-spaces=\"true\"> crypto.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">But the trend is clear. With regulators warming up and more firms showing maturity, crypto infrastructure companies are finally getting their shot on Wall Street. <\/span><span data-preserver-spaces=\"true\">BitGo\u2019s filing may not grab headlines like a flashy token launch, but it could <\/span><span data-preserver-spaces=\"true\">end up being<\/span><span data-preserver-spaces=\"true\"> more <\/span><span data-preserver-spaces=\"true\">important<\/span><span data-preserver-spaces=\"true\"> in the long run.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        BitGo has filed confidentially for an IPO with the SEC, becoming the latest crypto firm to target public markets.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The company manages over $100 billion in digital assets and is known for secure custody services built for institutions.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Its IPO timing follows Bitcoin\u2019s rise past $120,000 and stronger investor interest in crypto as regulated financial infrastructure.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        BitGo joins a wave of crypto firms like Circle and Gemini looking to go public amid improving regulatory clarity.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        A successful IPO would spotlight the growing demand for institutional-grade custody as crypto adoption expands.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/adoption\/bitgo-ipo-filing-puts-crypto-custody-on-wall-streets-radar\/\">BitGo Files for IPO as Crypto Firms Head to Wall Street<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitGo has filed confidentially with the U.S. Securities and Exchange Commission to go public, joining a growing list of crypto companies preparing for the stock market. The California-based firm is known for providing custody services to institutions and managing over $100 billion in digital assets. A Decade in the Game Founded in 2013 by Mike [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38066","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38066"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38066\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}