BitGo Holdings, Inc. was selected. (NYSE: BTGO) has been named to the 2026 Fortune 500 list, becoming the first true digital asset infrastructure company to make the list. The debut comes just five months after the company went public on the New York Stock Exchange in January 2026, with what was reported as Revenues of approximately $16.2 billion for 2025.
The 2026 Fortune 500 edition, which features President Donald Trump on the cover and is on sale now, includes BitGo at No. 273. BitGo also appears in related coverage, while CEO Mike Belshy is set to feature prominently in the upcoming Fortune Crypto 100 list in August, including feature coverage and limited cover variants.
While major mining companies, exchanges, and treasury-focused companies have gone public in recent years, BitGo stands out as the first dedicated infrastructure provider — focused on custody, wallets, settlement, and related services — to achieve Fortune 500 status so quickly after its public listing.
Background and development
BitGo was founded in 2011 Written by Mike Belshy, the company’s current CEO, along with Bill Lee, Ben Davenport, and Will O’Brien. It started as a provider of secure Bitcoin wallets and institutional-level custodial solutions Multi-signature Technology and enterprise security at a time when there were only a few reputable options for large properties.
Over more than a decade, the company has grown to become one of the most recognized names in digital asset infrastructure, operating wallets, custody, trading and operations for many prominent platforms, funds and institutions in the broader Bitcoin and cryptocurrency industry.
Current operations and organizational status
Today, BitGo acts as a complete infrastructure provider. It works as BitGo Bank & Trust, National Associationa federally chartered national trust bank by law Office of the Comptroller of the Currency (OCC). The designation, approved in December 2025, imposes stringent federal requirements – including enhanced capital standards, regular audits, comprehensive risk management, and fiduciary oversight – while offering significant strategic benefits.
The OCC Charter provides Consolidated federal oversight and regulatory clarityreplacing fragmented licensing from state to state in many cases and offering institutions the certainty they would expect from a federally regulated fiduciary. It enables Nationwide service capabilities With federal preemption for certain dual state requirements.
Nick Payton, VP of Marketing at BitGo, told Bitcoin Magazine that the OCC’s federal charter, coupled with it being a public company, opens up the regulatory clarity sought by institutional clients. “We spent money and made sure we took that burden off our customers.” Payton also described the OCC’s federal charter as a moat that software alone cannot easily clear, even with the power of artificial intelligence.
Finally, the OCC’s federal charter has also enhanced the company’s ability to expand services such as stablecoin infrastructure, cold custody staking, key trading and derivatives, and tokenization activities within a clear federal framework, positioning BitGo as a key bridge between traditional banking rails and digital assets.
Its client base is primarily institutional, including exchanges, funds and issuers of Bitcoin ETFs. Notable examples include 21 shares (Bitcoin ETF Custody), fold (which relies on BitGo infrastructure for core operations), Global financial freedom (custody and infrastructure for its USD1 stablecoin), and Sufi (Infrastructure and distribution support for SoFiUSD, which is billed as the first stablecoin issued by a US national bank on a public blockchain).
High net worth individuals also use the platform for qualified custody, cold storage, and key services. While some retail-facing tools exist through the broader platform, BitGo has maintained an intentional focus on institutional and sophisticated customers rather than becoming a mass-market retail platform.
Key services and global footprint
BitGo has expanded its reach Head office To include over-the-counter (OTC) trading, electronic trading, and financial derivatives, which have recently emerged online. This allows clients to access liquidity, implement strategies and manage collateral directly from the eligible custodian. The service supports operational needs such as loans against Bitcoin holdings or generating yield without moving assets outside the platform.
The company operates globally in more than 100 countries. maintains Licenses and regulated entities in key regionsincluding A FARA license in DubaiAn office is in London, a Latin American headquarters is in Mexico City, and an Asia-Pacific base is in Singapore, according to Payton.
Revenue drivers
Payton also identified the primary contributors to the company’s revenue today, which mainly consist of custody fees, the company’s bread and butter, along with other growing revenue sources such as BitGo Prime, which includes OTC, electronic trading, and newer derivatives offerings.
Crypto asset warehousing has also made the shortlist for the company’s top revenue drivers, enabling clients to earn a return on assets such as Ethereum and Solana while keeping them in cold custody. Finally, stablecoins have become a rapidly expanding segment of the company’s revenue through its Stablecoin platform as a service, which handles the minting, burning, and custody of the coin. Recent examples include World Liberty Financial’s USD1 backing, which Payton described as one of the fastest-growing stablecoins, approaching significant trading, and SoFi’s USD1 with an initial mint of $150 million and plans to expand.
Payton also shared that “Bitcoin has always driven significant volume at BitGo. But Ethereum, Solana, and stablecoins are also prominent.” “One of the key points we have never discussed publicly is that we are among the top 10 bitcoin holders globally, with over 470,000 bitcoins in custody,” he added, making Bitgo one of the largest bitcoin custodians in the world. For the company’s own treasury, BitGo Holdings owns about 2,449 Bitcoin As of its most recent public disclosures, this ranks BitGo as having the 32nd largest corporate treasury holdings in the world.
Expectations about coding
As for current areas of focus, Payton expressed clear enthusiasm for “coding,” a common but somewhat elusive term in the industry. He framed it as an encrypted representation of traditional assets — particularly public and private stocks — on a blockchain infrastructure.
“We’re excited about the future of tokenization. We believe it will provide broader access to a broader range of people in the public markets. We’re also looking to tokenize private companies as well, traditional stocks, not just public.” “It has to be done carefully. It has to be done safely. We don’t want it to turn into a bubble. It has to be done in a responsible way,” Payton said, warning.
