BitGo's staking business has locked in a value of approximately 50 billion US dollars, which accounts for about half of its custodial assets of over 100 billion US dollars

According to The Block, based on BitGo's latest calculations, the value locked in its staking business is close to $50 billion, accounting for about half of its custodial assets of over $100 billion. BitGo plans to go public through an initial public offering (IPO) as early as the second quarter of 2025. During a fundraising round in 2023, BitGo was valued at $1.75 billion. In a sluggish market in 2022, BitGo was almost acquired by listed company Galaxy Digital, but the plan fell through.