Workflow
BITGO HOLDINGS(BTGO)
icon
Search documents
2 New IPO Stocks Hit the Market; Wells Fargo Says ‘Buy’
Yahoo Finance· 2026-02-24 11:03
Company Overview - BitGo has positioned itself as a provider of digital asset support amid the ongoing digital transformation of the financial system, with $104 billion in assets on its platform, supporting over 1,500 digital asset types and boasting more than 4,900 clients [1][8] - The company offers a range of services including integration with digital exchanges, stablecoin deposits and payments, secure online wallet services, and a full suite of crypto-as-a-service digital asset solutions [2] Market Position and Performance - BitGo has been operational since 2013, providing services in trading, financing, collateral management, and transaction settlement, leveraging deep liquidity and flexible credit through secure infrastructure [3] - In January 2023, BitGo became the first publicly traded, federally chartered digital asset infrastructure company, debuting on Wall Street with 11,821,595 shares at an initial price of $18, raising nearly $213 million in gross proceeds [7] - Despite a 43% decline in stock price since its debut, BitGo maintains a market cap of over $1.25 billion [7] Analyst Ratings and Future Outlook - Wells Fargo analyst Cassie Chan has an Overweight rating on BitGo, citing its establishment as a trusted custodian in a rapidly growing crypto market with a market cap exceeding $4 trillion, and a price target of $13 indicating a potential one-year gain of 29% [8] - The consensus rating for BitGo shares is Strong Buy, based on 13 recent reviews with an 11 to 2 split favoring Buy over Hold, currently priced at $10.51 with an average price target of $15.88 suggesting a 51% gain over the next year [8]
BitGo and Figure Complete First Tokenized Equity Trades on Figure's Alternative Trading System
Businesswire· 2026-02-20 13:30
NEW YORK--(BUSINESS WIRE)--BitGo Holdings, Inc., the digital asset infrastructure company (NYSE: BTGO) ("BitGo†), and Figure Technology Solutions, Inc. ("Figure†), a blockchain-native capital marketplace, today announced the completion of the first blockchain-native equity trades executed through their integrated infrastructure for blockchain-native equities on Figure's Alternative Trading System (ATS). The milestone brings together BitGo Bank & Trust, N. A.'s regulated infrastructure with. ...
BitGo Named Issuer of FYUSD, Bringing U.S.-Aligned Stablecoin Standards to Asia
Prnewswire· 2026-02-20 13:00
NEW YORK, Feb. 20, 2026 /PRNewswire/ -- New Frontier Labs LLC, a digital asset company developing the Fypher project, today announced a strategic partnership with BitGo Bank & Trust, National Association ("BitGo"), the digital asset infrastructure company, under which BitGo will act as the issuer and primary custodian of FYUSD, a U.S. dollar-backed stablecoin designed for institutional adoption in Asian markets. The partnership marks an important step in extending U.S.-grade regulatory and custody standards ...
Jim Cramer on Bitgo (BTGO): “I Think You Should Just Go Buy Bitcoin”
Yahoo Finance· 2026-02-10 14:48
Group 1 - BitGo Holdings, Inc. (NYSE:BTGO) provides technology and security infrastructure for professional investors and organizations to store and manage digital assets [1] - The company's platform includes wallets, security protocols, and liquidity tools [1] - Jim Cramer recommends investing directly in Bitcoin rather than in BitGo, suggesting that Bitcoin is the preferred digital asset [1] Group 2 - There is a belief that certain AI stocks may offer greater upside potential and carry less downside risk compared to BTGO [2] - The article mentions the potential benefits of AI stocks from Trump-era tariffs and the onshoring trend [2]
InvestiFi Strengthens Multi-Custodian Strategy Through New Relationship with BitGo
Globenewswire· 2026-02-10 13:02
Core Viewpoint - InvestiFi has expanded its custodial network and digital asset capabilities through a strategic partnership with BitGo, enhancing its service offerings for credit unions and community financial institutions across all 50 states, including previously restricted markets [1][2]. Group 1: Partnership and Expansion - The collaboration with BitGo utilizes its Crypto-as-a-Service (CaaS) solution, strengthening InvestiFi's multi-custodian model and enabling full digital asset coverage in states like New York, Texas, and Idaho [2][4]. - This partnership addresses a servicing gap for financial institutions looking for compliant ways to offer digital asset access, particularly in heavily regulated states [2][5]. - The relationship allows InvestiFi's partnered financial institutions to gain expanded access to BitGo's capabilities without disrupting existing custody arrangements [4][5]. Group 2: Strategic Focus and Goals - InvestiFi's expansion reflects its commitment to flexibility, stability, and regulatory alignment, enabling partners to scale digital asset offerings while maintaining choice and resilience across custodial providers [3][5]. - The CEO of InvestiFi emphasized the importance of building a platform that adapts to regulatory and geographical realities, rather than forcing institutions into a single operational path [4]. - The partnership aims to support financial institutions as they implement digital asset capabilities, ensuring security, compliance, and operational rigor [5]. Group 3: Company Background - InvestiFi is designed to allow trading to and from deposit accounts, helping credit unions and community banks retain assets and attract new account holders [6]. - The platform aims to democratize investing and support community financial institutions, making wealth-building opportunities accessible to everyone [6]. - BitGo, as a digital asset infrastructure company, provides a range of services including custody, wallets, and trading, and has a global presence with multiple regulated entities [8].
Sharps Technology and BitGo Announce Collaboration to Advance Solana Treasury Strategy
Globenewswire· 2026-02-05 12:00
Core Insights - Sharps Technology, Inc. (STSS) has announced a strategic collaboration with BitGo to enhance its Solana digital asset treasury strategy [1][2] - The partnership aims to utilize BitGo's institutional-grade custody, staking, and trading services to optimize STSS's treasury management [2][4] Company Overview - Sharps Technology is a medical device company focused on innovative safety syringe products and has adopted a digital asset treasury strategy centered on accumulating SOL, the native digital asset of the Solana blockchain [8][9] - BitGo is a digital asset infrastructure company that provides custody, wallets, staking, trading, and other services, serving thousands of institutions globally [10] Strategic Collaboration Details - STSS will leverage BitGo's qualified custody and staking validator services to earn rewards on SOL holdings, consolidating its treasury operations within a single platform [2][4] - The collaboration is designed to provide a secure and scalable operational foundation for STSS's digital asset management [2][4] Market Context - The partnership reflects the growing convergence of institutional digital asset infrastructure and public market adoption, particularly in the context of BitGo's recent IPO [4] - By promoting the growth of the Solana network, STSS aligns itself with major infrastructure providers within the Solana ecosystem [3]
Crypto custody firm Copper in early talks for IPO as crypto 'plumbing' becomes new Wall Street favorite
Yahoo Finance· 2026-01-29 15:55
Group 1 - Copper is in early discussions regarding a potential public listing, with involvement from investment banks such as Goldman Sachs, Citi, and Deutsche Bank [1][2] - The decision to pursue an IPO will depend on Copper's near-term revenue performance [1] - Copper's spokesperson stated that while the company regularly evaluates financing options, there are currently no plans for an IPO [2] Group 2 - Copper is part of a growing trend among digital asset firms considering public markets, following the recent IPO of rival BitGo, which debuted at $18 per share [3] - BitGo achieved an initial market valuation of approximately $2 billion, with its stock surging 36% on the first trading day before facing a decline [4] - The cryptocurrency industry saw a significant increase in IPO activity in 2025, with at least 11 crypto IPOs raising a total of $14.6 billion, a substantial rise from $310 million in 2024 [6] Group 3 - The year 2025 marked a breakthrough for the cryptocurrency industry in public markets, driven by regulatory clarity and a supportive stance from the SEC [5][6] - Performance varied significantly among different firms, with some institutional-grade infrastructure companies seeing shares rise by as much as 200% on their opening days, while others like Gemini faced volatility and ended the year below their offer prices [7]
Should You Buy BTGO Stock After the BitGo IPO?
Yahoo Finance· 2026-01-26 14:30
Core Viewpoint - BitGo Holdings has successfully launched its IPO, indicating strong interest in the cryptocurrency market despite recent declines in Bitcoin prices [1][2][6]. Company Overview - BitGo Holdings is a cryptocurrency custody startup that went public with an opening price of $18 per share, raising $212.8 million by selling 11.8 million shares [1][6]. - Founded in 2013, BitGo claims to be the first to commercialize multi-signature digital wallets and has expanded its services to include regulated cold storage and hot wallet products [4]. - The company operates in over 90 countries, managing more than 9.3 million wallets and holding assets exceeding $104 billion on its platform [5]. Market Context - The IPO valued BitGo at $2.08 billion, reflecting the company's significant position in the cryptocurrency sector [6]. - The U.S. government has shown support for the crypto industry, leading to over 300 IPOs and blockchain-specific listings in 2025, with expectations for continued growth in 2026 [7].
美国IPO一周回顾及前瞻:上周有8家企业上市,10家企业递交上市申请
Sou Hu Cai Jing· 2026-01-26 08:49
Group 1: IPO Market Overview - Last week, two companies and six SPACs completed IPO pricing, indicating a slow IPO market with only two traditional IPOs [1] - BitGo (BTGO) priced its IPO above the expected range, raising $213 million with a market cap of $2.24 billion, but saw a significant drop of 19% in its closing price [1] - EquipmentShare.com (EQPT) raised $747 million at a market cap of $6.72 billion, with a first-day return of 33% [1] Group 2: SPAC Activity - The remaining IPOs were all SPACs, with Helix Acquisition III (HLXC) and Archimedes Tech SPAC Partners III (ARCIU) expanding their issuance sizes [2] - Other newly listed SPACs included Legato Merger IV (LEGO.U), Aldabra 4 Liquidity (ALOVU), Praetorian Acquisition (PTORU), and X3 Acquisition (XCBEU) [2] Group 3: Upcoming IPOs - Four companies are set to go public in the upcoming week, including York Space Systems (YSS), which plans to raise $512 million with a market cap of $4 billion [5] - PicS (PICS) aims to raise $400 million with a market cap of $2.3 billion, providing digital financial services in Brazil [6] - Ethos Technologies (LIFE) plans to raise $200 million with a market cap of $1.31 billion, focusing on life insurance services [7] - Public Policy Holding Company (PPHC) intends to raise $58 million with a market cap of $418 million, offering government relations and consulting services [7]
Crypto Currents: BitGo raises $212.8M in U.S. IPO
Yahoo Finance· 2026-01-24 15:01
Group 1: BitGo's IPO - BitGo raised $212.8 million in its initial public offering (IPO) on the New York Stock Exchange, pricing shares at $18, exceeding the expected range of $15-$17 [2] - The stock opened at $22.43, bringing BitGo's valuation to $2.59 billion, marking the first stock market debut by a digital asset company in 2026 [2] Group 2: NYSE's Tokenized Securities Platform - The New York Stock Exchange (NYSE) is developing a platform for trading and on-chain settlement of tokenized securities, pending regulatory approvals [3] - The new digital platform will enable 24/7 operations, instant settlement, and stablecoin-based funding, integrating the NYSE's Pillar matching engine with blockchain technology [3] - The platform will support trading of tokenized shares that are fungible with traditional securities and will allow tokenized shareholders to participate in dividends and governance rights [3] Group 3: Industry Leadership and Vision - Lynn Martin, President of NYSE Group, emphasized the NYSE's commitment to leading the industry towards fully on-chain solutions, combining trust with advanced technology [4] - The NYSE aims to reinvent market infrastructure to meet the demands of a digital future, leveraging its long-standing expertise in market operations [4]