BitGo
BitGo is an institutional-grade digital asset custody and infrastructure provider. Founded in 2013 by Mike Belshe, Ben Davenport and Will O'Brien, it provides qualified custody, wallets, staking, trading and settlement to institutional clients including hedge funds, exchanges, family offices and public companies in more than 100 countries. BitGo operates under oversight from more than 50 U.S. federal, state and foreign regulators and obtained OCC approval in December 2025. It listed on the NYSE as BTGO on January 22, 2026, and in June 2026 cut about 15% of staff to refocus on security, trading, stablecoins, settlement and AI infrastructure.
Public Company
BitGo is publicly traded
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2013
Employees
501–1,000
Total Funding
$169.5M
4 rounds
Latest Valuation
$1.75B
August 16, 2023
Funding
Total raised $169.5M across 4 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 08-12-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| August 16, 2023 | Series C | $100M | $1.75B | Goldman Sachs, Valor Equity Partners |
| October 2018 | Series B Extension | $15M | — | Goldman Sachs, Galaxy Digital |
| December 11, 2017 | Series B Press release | $42.5M | — | Valor Equity Partners |
Prominent Investors
Leadership
Mike Belshe
Co-Founder and Chief Executive Officer
Ed Reginelli
Chief Financial Officer
Chen Fang
Chief Revenue Officer
Competitors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Coinbase
Major institutional custody provider serving crypto-native and traditional financial institutions, dominant in spot Bitcoin ETF custody with 90% market share among approved SEC ETFs
Fidelity Digital Assets
Institutional digital asset custody provider backed by Fidelity Investments, offering lowest default risk with OCC federal charter status
Kraken
Cryptocurrency exchange and custody provider offering institutional-grade crypto custody services to compete with established custody leaders
Anchorage Digital
Digital asset custody and blockchain infrastructure provider with federal bank charter protection for institutional clients
Fireblocks
Digital asset security platform using MPC-based security model serving over 1,800 financial institutions worldwide
Gemini Custody
Institutional digital asset custody service founded by Winklevoss twins emphasizing regulatory compliance and security innovation
BitGo Investment FAQ
BitGo FAQ
BitGo Holdings is a public company. It priced its IPO on January 21, 2026 at $18.00 per share — above the marketed $15-$17 range — selling 11,821,595 shares of Class A common stock (11,026,365 by the company, 795,230 by selling stockholders) for approximately $212.8 million in gross proceeds to BitGo and an implied valuation of roughly $2.1 billion. Shares began trading on the NYSE under the ticker BTGO on January 22, 2026 and the offering closed January 23; Goldman Sachs was lead book-running manager with Citigroup, and underwriters held a 30-day option on up to 1,770,000 additional shares. Since listing, the board authorized a $50 million share repurchase program on June 17, 2026 (about 8% of Class A shares outstanding), the chief compliance officer retired effective June 19, and on June 25 BitGo disclosed via 8-K a reduction of nearly 15% of its workforce to refocus on security, trading, stablecoins, settlement and AI infrastructure — described by CEO Mike Belshe as a one-time action.
BitGo shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
BitGo had a valuation of approximately $1.75B at the time of its public offering. Current market capitalization fluctuates with the share price.
BitGo raised $169.5M across 4 disclosed funding rounds prior to its public listing.
BitGo was founded by Mike Belshe in 2013.
BitGo is headquartered in Sioux Falls, SD.
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