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Bitgo

All articles tagged with #bitgo

business1 month ago•3 min saved

BitGo Kickstarts 2026 IPO Boom, Foreshadowing AI and Space Unicorns

BitGo kicked off 2026 as the year's first big IPO on the NYSE, raising $212.8 million and opening as high as $24.50 before finishing the day near its $18.49 close, valuing the crypto unicorn at about $2.1 billion; the debut signals a robust IPO pipeline with other unicorns such as Anthropic, OpenAI and SpaceX reportedly lining up to follow, even as Bitcoin remains under pressure and broader regulatory and geopolitical headwinds linger.

via Barron's|

#ai #bitgo #business

industries1 month ago•19 min saved

BitGo Opens 2026 with a Hot IPO Amid Crypto Market Slump

BitGo Holdings opened its NYSE debut about 25% higher after pricing 11.8 million shares at $18, valuing the company around $2.08 billion; the IPO raised roughly $198.5 million with Goldman Sachs and Citigroup leading the deal. BitGo, which provides wallets, validation, trading and custody for digital assets, arrived as the crypto market showed weakness (bitcoin trading below $90,000), signaling robust investor appetite for crypto infrastructure despite broader uncertainty. BitGo also stated it has regulatory approval to convert BitGo Trust Co. to a federally chartered bank for digital assets, underscoring regulatory clarity as Kraken and others eye IPOs.

via MarketWatch|

#bitgo #btgo #correction-please-ignore-the-extra-tag

cryptocurrency2 years ago•1 min saved

Bitcoin ETF Approval: Nearing, but Brace for More Setbacks

BitGo CEO, Mike Belshe, believes that the approval of a Bitcoin ETF by the U.S. SEC is imminent, but warns of potential setbacks. Belshe stated that the market structure needs improvement before the SEC grants ultimate approval, and expects more rejections before positive news. He emphasized the need to separate crypto exchanges from custodians, referencing Sam Bankman-Fried's efforts to address regulatory concerns. The excitement surrounding a potential Bitcoin ETF approval has led to a surge in fees on the Bitcoin blockchain. Currently, 12 asset management firms are awaiting outcomes for Bitcoin ETF applications, with a 90% chance of approvals by January 10, 2024.

via Cointelegraph|

#approval #bitcoin-etf #bitgo

cryptocurrency2 years ago•1 min saved

BitGo Scraps Acquisition of Prime Trust, Leaving Customers in Limbo.

Cryptocurrency custodian BitGo has cancelled its acquisition of rival Prime Trust after "considerable effort and work to find a path forward with Prime Trust." Prime Trust has been losing clients and deposits to competitors for weeks amid mounting concerns over its business. BitGo was almost bought by Galaxy Digital until the $1.2bn deal was cancelled in August.

via CoinDesk|

#acquisition #bankruptcy #bitgo