BitGo is reportedly aiming for an initial public offering (IPO) by the second half of 2025, according to Bloomberg, which cites sources familiar with the matter.
The company is in discussions with potential advisors for the public listing, though no final decision has been made. However, the California-based custodian has not officially confirmed plans for the IPO.
Considered a crypto unicorn, BitGo raised $100 million in 2023, reaching a valuation of $1.75 billion. It is supported by prominent investors such as Goldman Sachs, DRW Holdings, Redpoint Ventures, and Valor Equity Partners.
BitGo’s CEO, Mike Belshe, has shown support for Donald Trump, hosting a fundraiser last July that featured the Republican nominee’s running mate, JD Vance. The event had an attendance fee of $3,300 per person.
