There’s a new cryptocurrency company in the stock market — and it seems to be off to a roaring start. Crypto custody startup BitGo Holdings (BTGO) is the first crypto initial public offering (IPO) of 2026, setting its opening price at $18 per share, which was above its marketed range of $15 to $17. The company was able to sell 11.8 million shares, raising $212.8 million.
On Jan. 22, shares then jumped by as much as 35% on the day before paring back most of the gains. But the strong debut indicates that interest in the crypto market remains strong, despite a drop in Bitcoin (BTCUSD) prices in the last several months.
