Key TakeawaysAs of June 30, 2025, BitGo reported approximately $90.3 billion in assets on its platform. BitGo co-founder and CEO Michael Belshe will maintain control through a dual-class share structure, holding Class B shares with 15 votes each,Leading crypto custody firm BitGo has filed for a U.S. initial public offering, aiming to list its Class A common stock on the New York Stock Exchange (NYSE)under the ticker “BTGO,” according to a Form S-1 registration submitted to the Securities and Exchange Commission on Friday.The development comes amid the firm reporting consistent revenue gains. As of June 30, 2025, BitGo reported approximately $90.3 billion in assets on its platform. The custodian said it serves more than 4,600 entities and over 1.1 million end users across 100 countries. For the first half of 2025, BitGo generated nearly $4.2 billion in revenue, up from $1.1 billion during the same period in 2024. Net profit for the period declined to $12.6 million from $30.9 million a year earlier.As per reports, Co-founder and CEO Mike Belshe will retain control through a dual-class stock structure that grants 15 votes per Class B share, compared to one vote per Class A share. The arrangement makes BitGo a “controlled company” under NYSE rules. The filing notes the company does not currently intend to make use of governance exemptions, though it reserves the option to do so later.The IPO filing follows the firm expanding its services in Europe. BitGo recently obtained an extended license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling its Frankfurt-based subsidiary to operate under the EU’s Markets in Crypto-Assets (MiCA) framework. The approval allows it to offer trading, custody, staking, and transfer services to institutional investors in Europe.The latest development also comes weeks after US Bancorp entered the crypto space again by relaunching its digital asset custody services. This came after the US rolled back a previous Securities and Exchange Commission (SEC) rule that had forced banks to hold capital on their balance sheet for crypto-related activities.sec MAGIC Price Analysis February 2023Bonk Coin Signaling a Buy? Bonk Crypto Next TargetCrypto-Skeptic Tech Pros Counter-Lobby US Lawmakers Sandbox (SAND) Crypto: A Comprehensive Price Analysis