Published & Updated: January 22, 2026 | Tapbit Institutional & Custody Report
BitGo Holdings, the world’s largest independent digital asset custodian with over $100 billion in assets under custody, successfully completed its long-awaited NYSE IPO on January 22, 2026, raising $212.8 million at $18 per share under the ticker BTGO. The offering of 11.8 million shares (priced above the expected $15–$17 range) values the company at more than $2 billion and marks the first major pure-play crypto custody firm to go public on a traditional U.S. exchange. Underwritten by Goldman Sachs, Citigroup, and JPMorgan, the IPO underscores institutional confidence in regulated crypto infrastructure despite ongoing market volatility. This guide covers the raise details, post-IPO price action, what the listing means for the sector, and how Tapbit users can gain exposure through tokenized assets and derivatives.
BitGo IPO Key Details – January 2026
| Item | Details |
|---|---|
| IPO Date | January 22, 2026 |
| Ticker | BTGO (NYSE) |
| Shares Offered | 11.8 million |
| Price per Share | $18 (above $15–$17 expected range) |
| Total Raise | $212.8 million |
| Valuation at IPO | >$2 billion |
| Lead Underwriters | Goldman Sachs, Citigroup, JPMorgan |
| Assets Under Custody | >$100 billion (as of late 2025) |
| Supported Assets | 1,000+ cryptocurrencies & tokenized securities |
Why the BitGo IPO Matters – Institutional Validation Milestone
The successful listing of BitGo represents a watershed moment for regulated crypto infrastructure:
- First pure-play digital asset custodian to IPO on NYSE
- Clear signal that Wall Street views institutional-grade custody as a mature, investable sector
- Strong underwriter lineup (Goldman Sachs, Citi, JPM) = highest-tier validation
- Opens door for more crypto-native companies to pursue traditional listings
- Direct competitor pressure on Coinbase Custody, Fireblocks, Anchorage
Post-IPO Price Action & Early Trading Performance
As of January 22, 2026 (first hours of trading):
- Opening price: ~$19.50–$20.00 (above IPO price)
- Intraday high: $21.80
- Current range: $20.50–$21.20
- Volume: >15 million shares (very strong debut)
Early strength reflects institutional demand and FOMO from investors who missed the IPO allocation.
Conclusion
BitGo’s $212.8 million NYSE IPO at $18 per share (BTGO) with a valuation exceeding $2 billion is the clearest sign yet that institutional-grade crypto custody has entered the mainstream. Backed by Goldman Sachs, Citigroup, and JPMorgan, the listing validates over a decade of infrastructure building and positions BitGo as the benchmark for regulated digital asset storage. For Tapbit users, the IPO reinforces the structural bull case for BTC, ETH, and stablecoins — while creating new tokenized trading opportunities in 2026. The custody wars are just beginning.
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Disclaimer: This article is for informational purposes only and does not constitute investment or financial advice. IPOs and cryptocurrency markets are highly volatile and subject to regulatory developments. Always conduct your own research (DYOR) and never invest more than you can afford to lose completely.
