BitGo

BitGo, founded in 2013, is considered one of the leading providers of institutional crypto custody. The company has developed a secure wallet architecture, MPC technology, and services for staking, clearing, and trading operations. Today, BitGo serves clients around the world and safeguards more than $90 billion in digital assets.

The company’s financial results demonstrate strong growth: revenue reached $3.1 billion in 2024 and $10 billion for the first nine months of 2025. Net income for the same period totaled $12.6 million.

BitGo has filed a Form S-1 and is preparing for a listing on the NYSE under the ticker BTGO. IPO parameters have not yet been disclosed. Given the scale of the business and the company’s importance within the crypto-infrastructure ecosystem, the offering may become one of the notable IPO events of 2026.

BitGo’s business model is based on digital asset custody, transaction fees, and institutional services. Scalable technologies and a high level of client trust provide stable revenue and a competitive advantage.

Institutional interest in digital assets continues to grow, and BitGo holds a strong position in this market, remaining an attractive infrastructure player for long-term investors.

Participation is available through a booking format, as the exact parameters of the BitGo IPO have not yet been announced. You reserve your allocation in advance, and the purchase of shares is executed once the company goes public, at the actual IPO price determined on the day of the transaction.

Once the offering is confirmed and allocation is granted, the booking is automatically converted into a share purchase at the IPO price. If the offering does not take place or allocation is not provided, the booking is cancelled and the funds are returned to your account.

This format allows you to secure early access to one of the most anticipated IPOs of an infrastructure player in the crypto market in 2026, without waiting for the final offering parameters to be announced.

• Business scale: BitGo secures more than $90 billion in digital assets on its platform, making it one of the largest players in the global crypto-custody industry.

• Broad institutional reach: The company supports hundreds of institutional clients, thousands of wallets, and a wide range of tokens and digital assets, providing custody, staking, wallet infrastructure, and settlement services for funds, exchanges, and major investors.

• Infrastructure-grade technology: BitGo operates as a registered Qualified Custodian and uses cold storage, Multi-Sig and MPC technologies, insurance coverage, and regular audits. This ensures a high level of security and full compliance with regulatory standards.

• Strong financial growth: BitGo’s revenue has expanded sharply — from $3.1 billion in 2024 to approximately $10 billion in the first nine months of 2025.

• Institutional trust and recognition: BitGo serves as a core infrastructure provider for major financial institutions, exchanges, ETP issuers, and investment firms, underscoring its strategic importance in the digital asset ecosystem both in the US and globally.

• Rising market demand: The institutional custody market continues to grow, with demand increasing for secure, regulated, and insured digital-asset infrastructure amid broader institutional adoption.

BitGo was founded in 2013 in California and became one of the first companies to offer institutional investors a secure and regulated way to store digital assets. At that time, the crypto industry was growing chaotically, and reliable institutional-grade custody solutions barely existed. BitGo introduced a technological architecture that allowed companies, funds, and exchanges to safeguard digital assets with a high level of protection and control.

One of BitGo’s major breakthroughs was the introduction of multi-signature wallets and distributed storage methods. These tools made it possible to access assets securely without a single point of failure. Later, the company added MPC technology, cold storage, and insurance, forming one of the most trusted security standards in the market. BitGo played a key role in helping institutional players shift from an experimental approach to professional digital asset management.

Over time, BitGo grew into a full-scale infrastructure platform. The company provides custody, staking, transaction processing, clearing, and fund servicing. Its business has reached a scale comparable to major financial operators: BitGo now safeguards more than $90 billion in digital assets. This demonstrates a high level of trust from institutional investors around the world.

The company’s financial results also reflect a mature and rapidly expanding business. The institutional custody segment continues to grow, and BitGo is firmly positioned as one of its leading players.

The name “BitGo” has become synonymous with reliability in crypto infrastructure. The company supports the creation and servicing of exchange-traded products and works with funds, fintech platforms, and exchanges globally. This has strengthened BitGo’s reputation as a trusted partner that delivers asset security on par with traditional financial institutions.

BitGo’s revenue model is based on custody services, operational fees, and institutional infrastructure products. Its scalable architecture allows the company to maintain stable margins despite the volatility of the crypto market. Rising institutional demand for secure and compliant digital asset services continues to reinforce BitGo’s position as a key company in the infrastructure segment.

The filing of Form S-1 and the preparation for an IPO on the NYSE under the ticker BTGO makes BitGo one of the most anticipated events of 2026 in the digital asset sector. For investors, this represents an opportunity to participate in a business that forms the backbone of the institutional crypto ecosystem and continues to grow alongside it.

— What is an IPO?
An IPO (Initial Public Offering) is when a private company lists its shares on a stock exchange for the first time to raise capital from investors. From that point onward, the company’s shares can be freely bought and sold on the open market.

— Where are IPOs conducted?
IPOs take place on the world’s largest stock exchanges. In the U.S., the primary venues are the NYSE (New York Stock Exchange) and NASDAQ. Once a company goes public, its shares are freely traded on these exchanges, and the market price is established after the offering.

— What is allocation?
Allocation (from “allocation” — distribution) refers to the process of distributing resources, assets, or capital for maximum efficiency. In investing, allocation usually means distributing the available amount of shares among investors in an IPO or private placement.

— How much allocation does an investor receive?
The allocation size depends on the specific deal and typically ranges from 2% to 30% of the submitted order. In rare cases, allocation may reach up to 100%. Information about the actual IPO volume and share price we entered at becomes available roughly one day before the offering, approximately six hours prior to the trade.

Example — Bullish IPO (Aug 13, 2025):
An investor placed an order for $10,000. The allocation was 29.6%, meaning $2,960 was invested in the IPO. The remaining $7,040, including the purchase commission, was refunded to the balance and became available for withdrawal.

Klarna IPO (Sept 10, 2025):
An investor placed an order for $10,000. The allocation was 14%, meaning $1,400 was invested in the IPO. The remaining $8,600, including the purchase commission, was refunded to the balance and became available for withdrawal.

Figure IPO (Sept 11, 2025):
An investor placed an order for $10,000. The allocation was 16%, meaning $1,600 was invested in the IPO. The remaining $8,400, including the purchase commission, was refunded to the balance and became available for withdrawal.

Gemini IPO (Sept 12, 2025):
An investor placed an order for $10,000. The allocation was 29%, meaning $2,900 was invested in the IPO. The remaining $7,100, including the purchase commission, was refunded to the balance and became available for withdrawal.

Legence IPO (Sept 12, 2025):
An investor placed an order for $10,000. The allocation was 78%, meaning $7,800 was invested in the IPO. The remaining $2,200, including the purchase commission, was refunded to the balance and became available for withdrawal.

Black Rock Coffee Bar IPO (Sept 12, 2025):
An investor placed an order for $10,000. The allocation was 68%, meaning $6,800 was invested in the IPO. The remaining $3,200, including the purchase commission, was refunded to the balance and became available for withdrawal.

— Why do companies go public?
To raise growth capital, increase brand visibility, and provide early investors and employees with an opportunity to sell part of their shares.

— How is participating in an IPO different from buying shares on the exchange?
When you participate in an IPO, you buy shares before they start trading publicly. This provides an opportunity to purchase at the fixed offering price but also carries the risk that the price may drop once trading begins.

— What do I get by participating in an IPO through Regolith?
You become an investor in the company at the IPO stage via our U.S. partner infrastructure. After the transaction is completed and the lock-up period expires, profits from the share sale are distributed among investors proportionally to their stake in the deal.

— What is a lock-up period and how long does it last?
A lock-up period is a timeframe set by the issuer and underwriters during which shares cannot be sold. For IPOs offered through our platform, this period is 93 days. Once it ends, the shares are sold on the exchange and proceeds are distributed among investors.

— How is participating through the platform different from buying shares independently?
To buy independently, you would need access to a U.S. broker, a significant investment amount, and approval from underwriters. The platform pools capital from investors, providing access to IPOs that are otherwise unavailable to most individuals.

— Through whom is IPO participation carried out?
We operate through a U.S.-based structure that works with a licensed broker in the U.S. Our partner selects promising IPOs and participates in the offering under its own name.

— How is the deal structured legally?
An investor signs an agreement/offer to participate in the investment product. Regolith then transfers funds to its partner entity — Wealthy Labs Limited (the provider), which enters into a forward contract with the broker and executes all operational activities. The provider delivers the financial outcome to Regolith, which then distributes proceeds among investors.

— Is there a minimum investment amount?
Yes. Each IPO has a defined minimum entry threshold, shown on the offering page. On average, Regolith provides access starting from $500.

— Do I receive shares into my personal brokerage account?
No. Shares are purchased and held in the partner’s brokerage account. After the lock-up period, the broker sells the shares and transfers proceeds for distribution among investors.

— Can shares be transferred directly to my brokerage account?
No. Participation is structured via a forward contract with the partner’s brokerage infrastructure. The deal is executed on behalf of the partner, and settlements with investors are carried out through the platform.

— How can I sell my shares after the IPO?
Sales are processed automatically: once the lock-up expires, the partner broker sells the shares on the exchange, and proceeds are distributed proportionally among investors.

— What are the risks of investing in IPOs?
IPOs are high-risk investments. While they may offer high returns, they also carry significant volatility. Share prices on the first trading day — and after the lock-up — can fluctuate sharply. There is a risk that the market price will fall below the offering price. In addition, macroeconomic and sector-specific factors can affect outcomes.

— Can I know in advance how much I will earn?
IPO returns are not guaranteed. The final result depends on the share price at the time of sale after the lock-up, overall market conditions, and the company’s performance.

— How can I verify that Regolith participates in IPOs?
We publish all available deal information in the client dashboard. Additionally, we provide an agreement disclosing the infrastructure used for transactions. Broker and partner documents are not shared, as they contain confidential data protected by contractual obligations.