Saturday, January 24, 2026

BitGo shares jump 35% in Wall Street debut

Cryptocurrency custody company BitGo Holdings (NYSE: BTGO) finally made its Wall Street debut on Jan. 22 when it launched its initial public offering (IPO) on the New York Stock Exchange (NYSE).

It is the first crypto IPO of 2026, and the stock’s performance so far hasn’t disappointed traders.

Related: Analyst doubles down on 2026’s first crypto IPO debut today

Founded in 2013, BitGo is a crypto company that offers self-custody, regulated trust, and prime brokerage services to institutional players.

It was in September last year that the company filed with the Securities and Exchange Commission (SEC) to launch an IPO.

Mike Belshe, co-founder and chief executive officer of BitGo, speaks during an interview during the company's initial public offering (IPO) on the floor at the New York Stock Exchange (NYSE) in New York, US, on Thursday, Jan. 22, 2026.
Mike Belshe, co-founder and chief executive officer of BitGo, speaks during an interview during the company’s initial public offering (IPO) on the floor at the New York Stock Exchange (NYSE) in New York, US, on Thursday, Jan. 22, 2026.

On Jan. 21, BitGo priced its IPO at $18 apiece, higher than the previously marketed range of $15-$17 per share. The IPO valued the crypto company at over $2 billion.

When the BTGO stock began trading on the NYSE on Jan. 22, it surged more than 35% to reach the intraday high of $24.50.

Ondo Finance, the popular tokenization platform, shared that it is making tokenized BitGo stock available via Ondo Global Markets on the same day as the crypto company’s public debut on the NYSE.

Tokenization is the process of representing the ownership of real-world assets (RWAs) like stocks, funds, real estate, etc., as digital tokens on a blockchain.

Tokenized BitGo shares will become available across Solana, Ethereum, and BNB Chain.

It is one of the first instances of a token tracking the value of a newly public U.S. company becoming globally accessible in near real time.

The BTGO stock was exchanging hands at $20.38 on the NYSE at the time of writing, up 13%.

Related: BitGo CEO explains how bitcoin protects human rights

This story was originally published by TheStreet on Jan 22, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.

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