As a leading enterprise in the field of digital asset custody and security, BitGo's financing process runs through the industry development cycle. The core node focuses on multiple rounds of institutional financing and key acquisitions, and the valuation has steadily increased with business expansion.

Core financing node

1. June 2014 (Round A): Received $12 million in venture investment, led by Redpoint Ventures, followed by Founders Fund, Digital Currency Group and other 10 institutions, for early technology Lay the foundation for art research and development and market expansion.

2. December 2017 (Round B): Financing of $42.5 million, led by GS Growth and Valor Equity Partners, followed by old shareholders Redpoint and others, and the funds were mainly used to improve the custody service system.

3. October 2018 (B+ round): Received an investment of $15 million from Goldman Sachs and Galaxy Digital to further strengthen the cooperation with traditional financial institutions and giants in the encryption field.

4. August 2023 (round C): Completed a financing of 100 million US dollars, with a valuation of 1.75 billion US dollars. The investor is a new external strategic investor. The specific identity has not been disclosed. The funds are used for global business expansion and technology upgrading.

Key capital events

• In May 2021, Galaxy Digital announced the acquisition of BitGo for $1.2 billion in cash plus shares, which was the first $1 billion transaction in the encryption industry at that time. However, due to the decline in the crypto market and financial statement disputes, the acquisition was terminated in August 2022. BitGo Maintain independent operation.

• In July 2025, BitGo secretly submitted a draft IPO registration statement to the U.S. SEC and planned to be listed on the New York Stock Exchange (code "BTGO"). In the first half of 2025, the revenue reached 4.19 billion US dollars, and the assets under management exceeded 90 billion US dollars. After listing Valuation or significant increase.