BitGo Mulling IPO This Year: Bloomberg

Alongside a number of other digital asset-related firms, institutional crypto custody company BitGo is considering an initial public offering as soon as this year, according to Bloomberg.

Among the backers of the Mike Belshe-led BitGo are Goldman Sachs, DRW Holdings, Redpoint Ventures and Valor Equity Partners. The company's most recent funding round in 2023 valued it at $1.75 billion.

Other crypto firms mulling an IPO in the wake of bitcoin's move to $100,000 and a friendlier U.S. regulatory environment include exchanges Gemini, Kraken and Bullish (the parent of CoinDesk), and stablecoin issuer Circle.