BitGo raises $212.8 million in U.S. IPO, valuing crypto custodian at about $2.1 billion

Crypto custody provider BitGo has completed a U.S. initial public offering that raised $212.8 million and priced shares at $18, giving the firm a valuation near $2.1 billion. The January 22 listing marks the first major crypto-native IPO of 2026 and highlights growing public market interest in regulated digital asset infrastructure over trading-focused businesses.