BitGo IPO Raises About $213 Million, Values Crypto Custody Firm at $2.2 Billion in NYSE Debut

Crypto Custody Provider Enters Public Markets With $18 Share Pricing

TL;DR

• BitGo priced its IPO at $18 per share on January 22, 2026, raising about $212.8 million to $213 million.
• The offering values the company at approximately $2.2 billion.
• Shares began trading on the New York Stock Exchange on the same day.

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BitGo completed its initial public offering on January 22, 2026, pricing shares at $18 each and raising approximately $212.8 million to $213 million in gross proceeds, according to disclosures published that day. The transaction valued the crypto custody and infrastructure firm at approximately $2.2 billion following the offering.

Shares began trading on the New York Stock Exchange on January 22, 2026, marking one of the first major crypto-related public listings of the year. The NYSE debut placed BitGo among a limited number of crypto-native firms to access U.S. equity markets, with the listing occurring amid heightened investor attention on regulated digital asset services.

The IPO documentation and contemporaneous reporting described BitGo’s business as focused on regulated custody, settlement, and infrastructure services for institutional clients. The company’s revenue model was outlined as fee-based and recurring, tied to safeguarding and servicing digital assets rather than facilitating speculative trading activity.

Trading data on January 22, 2026 noted that investor interest centered on regulatory clarity and compliance standards in the United States. Reports emphasized that the $2.2 billion valuation reflected demand for crypto exposure through infrastructure providers operating within established regulatory frameworks.

BitGo’s first day of trading on the New York Stock Exchange was marked by sharp intraday volatility following its January 22, 2026 listing. The company’s Class A shares, trading under the ticker BTGO, climbed as much as 36% shortly after the open, reaching an intraday high of $24.50, according to market data published the same day. The rally proved short-lived, with the stock reversing course through the afternoon session. BTGO finished regular trading on January 22 at $18.49, up about 2.7% from its $18 IPO price, and later changed hands around $18.35 in after-hours trading.

The $18-per-share pricing and approximately $213 million capital raise were repeatedly cited in coverage as reference points for other crypto infrastructure firms considering public offerings. Reporting released on January 22, 2026, characterized BitGo’s listing as part of a broader re-entry of crypto companies into public markets during the year, anchored by custody and service-oriented business models rather than direct token exposure.

This article has been refined and enhanced by ChatGPT.