Nvidias Top Gun Hit: First-Ever Rowhammer Attack On Rtx A6000 Reveals Graphic Processing Unit Security Weaknesses
The recent demonstration of a Rowhammer-style attack on NVIDIA’s RTX A6000 graphics card has …
23. July 2025
Bitgo Sets Historic Course As Crypto Custody Giant Prepares For Shocking Public Debut
Crypto Custody Startup BitGo Files Confidentially To Go Public
In a move that has sent shockwaves through the cryptocurrency industry, crypto custody startup BitGo filed confidentially to go public on Tuesday. The news comes at a time when the sector is experiencing a resurgence in interest and investment, with many companies looking to capitalize on the growing demand for digital assets.
Founded in 2013 by Zorcides Bittencourt and Charles Brock, Palo Alto, California-based BitGo has established itself as a leading provider of secure storage and management services for cryptocurrency and other digital assets. The company has raised a known $170 million in funding, according to Crunchbase data, with its valuation increasing significantly since its last funding round.
BitGo’s latest funding round came just last month, with another corporate round of funding for an undisclosed amount. This influx of capital has helped the company solidify its position as a major player in the crypto custody industry. The recent surge in cryptocurrency prices, including Bitcoin’s price hovering around $119,000, has also contributed to BitGo’s decision to go public.
Regulatory clarity is another factor that may have influenced the company’s move. In August 2023, the U.S. passed what is being described as the country’s “first major national cryptocurrency legislation.” The legislation aims to provide much-needed regulatory clarity for the industry, which has been hailed as a significant step forward by many stakeholders.
The thawing IPO pipeline is another factor that may have contributed to BitGo’s decision to go public. After an IPO drought, we’re seeing a flurry of filings in 2025, with more potentially planned in the coming year. Cryptocurrency exchange Kraken is expected to go public via an initial public offering sometime in early 2026.
San Francisco-based collaborative design platform Figma on Monday outlined its plans for an IPO, revealing it intends to raise nearly $1 billion. However, other fintech and crypto-related companies have already gone public so far in 2025, including Circle, which closed up 168% at $83.29 in their first day of trading on the New York Stock Exchange in early June.
Circle’s successful IPO has renewed hopes for an IPO market rebound. The stablecoin issuer minted by Circle is now valued at around $16.7 billion and boasts a market capitalization that far exceeds its peers. As of July 22, the stock had more than doubled from its first-day closing — trading at over $194 per share.
Digital bank Chime went public on June 12, and came out swinging. Chime’s shares shot up 37% in first-day trading on Nasdaq, closing at $37. As of July 22, the stock was trading at just over $33. The successful IPO of these companies suggests that investors are becoming increasingly confident in the sector.
BitGo’s move to go public is also a testament to the growing importance of crypto custody services. With more and institutional investors entering the market, there is an increasing need for secure and reliable storage solutions for digital assets. BitGo has established itself as a trusted provider of these services, and going public will enable the company to expand its reach and capabilities even further.
The recent surge in cryptocurrency prices, coupled with regulatory clarity and investor confidence, has created an environment conducive to growth and innovation in the industry. As BitGo prepares to go public, investors will be eager to see how it will leverage its expertise and resources to drive expansion and progress in the market.
Regulatory clarity is also playing a significant role in BitGo’s decision to go public. The U.S. passed what is being described as the country’s “first major national cryptocurrency legislation” in August 2023, which aims to provide much-needed regulatory clarity for the industry. This has been hailed as a significant step forward by many stakeholders.
The thawing IPO pipeline is another factor that may have contributed to BitGo’s decision to go public. After an IPO drought, we’re seeing a flurry of filings in 2025, with more potentially planned in the coming year. Cryptocurrency exchange Kraken is expected to go public via an initial public offering sometime in early 2026.
The company’s latest funding round came just last month, with another corporate round of funding for an undisclosed amount, according to Crunchbase data. This influx of capital has helped BitGo solidify its position as a major player in the crypto custody industry.
Institutional investors are increasingly looking at cryptocurrency companies like BitGo as a way to diversify their portfolios. The company’s move to go public will provide it with access to a wider pool of investors, which is expected to drive growth and innovation in the industry.
The recent surge in cryptocurrency prices has contributed to BitGo’s decision to go public. Bitcoin’s price has soared to over $100,000 in 2024, with projections suggesting it could reach even higher levels by 2025. The increased demand for digital assets has made BitGo an attractive investment opportunity for many, and going public will provide the company with access to a wider pool of investors.
BitGo’s decision to file confidentially for an IPO marks an exciting development in the crypto custody startup’s journey. With regulatory clarity, investor confidence, and a growing need for reliable storage solutions, the stage is set for BitGo to make a significant impact in the market.