PANews reported on February 27 that according to The Block, according to BitGo's latest calculations, its pledge business has a locked value of nearly $50 billion, accounting for about half of its more than $100 billion in custodial assets. BitGo plans to go public through an initial public offering (IPO) as early as the second quarter of 2025. BitGo was valued at $1.75 billion during its $100 million financing in 2023. During the market downturn in 2022, BitGo was almost acquired by the listed company Galaxy Digital, but the plan fell through.