This values the company at around 2 billion dollars. It is now set to trade on the New York Stock Exchange under the name BTGO. This marks the first crypto focused public listing of 2026. Many people see this as an important step for the digital asset industry.
The timing of this listing comes during a hard period for the crypto market. Over the last months many crypto related companies have lost a lot of value. Token prices have gone down and investors are more careful than before. Because of this many people were unsure if a new public listing would succeed. Still BitGo decided to move forward.
What makes BitGo different is its main business. It does not depend on fast trading or price swings. Instead it focuses on custody and staking services. Custody means safely holding digital assets for users and institutions. Staking means helping users earn rewards by supporting blockchain networks. These services bring steady income even when the market is slow.
Analysts believe this is the main reason BitGo has a better chance to grow. They say the company has a stable income base. Most of its real money comes from long term services rather than short term trades. This makes its business easier to predict and easier to trust for long term investors.
Experts estimate that BitGo could reach more than 400 million dollars in revenue by the year 2028. They also expect strong profit growth if the company continues on the same path. This is why some believe the current public price could be low if future goals are reached.
At first the company numbers can seem confusing. Some trading actions must be shown in a way that makes revenue look higher than it truly is. But when these costs are removed the real picture becomes clearer. The heart of the company is still custody and staking. These areas bring in most of the real value.
Right now the company earns about 160 to 170 million dollars each year from its core services. Trading adds only a small part. Other services like stable value tokens are still in early stages and are not a big part of income yet.
Investors are now watching closely to see if BitGo can keep growing its main business. They want to know if it can attract more users and keep them for the long term. If the company can do this then it may become one of the most trusted names in digital asset safety.
This public launch is also seen as a signal for the wider market. It shows that even in tough times companies can still move forward if they have a strong base. It also gives people a new way to invest in the digital asset space without focusing on price swings.
In the end BitGo is not trying to chase hype. It is building a simple service that supports the system behind digital money. If it continues to grow step by step it may prove that steady work is more powerful than fast moves.