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].