According to Bloomberg, cryptocurrency custodian company BitGo is expected to go public as early as the second half of 2025. BitGo closed a $100 million Series C round in August 2023 at a valuation of $1.75 billion, the company's first round of funding since 2017, when it received a $42.50 million Series B round led by Valor Equity Partners, with participation from US "crypto czar" and former PayPal chief operating officer David Sacks. In 2021, BitGo had planned to go public through an acquisition deal with Galaxy Digital. But Galaxy Digital said the deal was terminated in August 2022 due to BitGo's "failure to file" audited financial statements. If the deal goes through, BitGo would be valued at $1.20 billion.