“币圈托管机构”BitGo申请IPO，上半年收入近42亿美元，盈利超1200万美元

Core Viewpoint - BitGo Holdings Inc. has officially initiated its IPO process in the context of a vibrant cryptocurrency market, showcasing significant revenue growth but a decline in net profit [2][3]. Group 1: Financial Performance - In the first half of 2025, BitGo's revenue surged to nearly $4.2 billion, up from $1.12 billion in the same period last year, marking a 275% year-over-year increase [2]. - The company's net profit was reported at $12.6 million, a decrease of approximately 59% compared to $30.9 million in the same period of 2024 [2]. Group 2: Market Context - BitGo's IPO application coincides with a new wave of IPOs in the U.S. cryptocurrency sector, driven by a favorable stance from former President Trump towards the industry [4]. - The market response to recent IPOs has been mixed, with Circle Internet Group Inc. seeing its stock price rise by 365% post-IPO, while Gemini Space Station Inc. experienced a 14% decline after raising $446 million [5]. Group 3: Company Overview - BitGo has established itself as a significant player in the cryptocurrency infrastructure space, with total assets under custody reaching approximately $90.3 billion, serving over 4,600 clients and 1.1 million users [6][7]. - The company supports more than 1,400 types of digital assets and launched a global OTC platform earlier this year to provide services such as spot trading, options, and margin lending [8]. Group 4: Valuation and IPO Details - As of the last round of private financing in August 2023, BitGo was valued at $1.75 billion [9]. - The IPO is being led by Goldman Sachs and Citigroup, with plans to list on the New York Stock Exchange under the ticker "BTGO" [9].