BitGo Holdings, Inc. (NYSE: BTGO) has secured the No. 273 spot on the 2026 Fortune 500 list, becoming the first dedicated digital asset infrastructure company to join the ranking of America’s largest corporations. The Palo Alto-based firm reported approximately $16.
2 billion in revenue for 2025, a performance that propelled it onto the list just five months after its January 2026 initial public offering on the New York Stock Exchange.
CEO Mike Belshe, who co-founded the firm in 2011, described the inclusion as a milestone for both the company and the broader industry. The recognition comes as institutional interest in regulated crypto services remains high, even as Bitcoin supply on exchanges suggests a shift toward private, long-term custody.
BitGo now manages over $104 billion in assets under custody and serves more than 5,500 institutional clients globally.
The 2026 Fortune 500 edition, which features President Donald Trump on the cover, is currently on sale. BitGo’s rapid ascent reflects the scale of its operations as a foundational provider of wallets, settlement, and fiduciary services. Unlike consumer-facing exchanges, the firm has maintained a deliberate focus on the institutional “plumbing” of the digital asset economy.
Regulatory clarity through federal banking charters
A primary driver of BitGo’s growth is its status as a federally regulated entity. In December 2025, the company received approval to operate as BitGo Bank & Trust, National Association. This designation as a national trust bank under the Office of the Comptroller of the Currency (OCC) allows it to bypass fragmented state-by-state licensing requirements.
Nick Payton, Vice President of Marketing at BitGo, told Bitcoin Magazine that this federal charter acts as a “moat” that is difficult for competitors to replicate through software alone. By operating under OCC supervision, the firm provides the uniform regulatory oversight and capital standards that large-scale institutions require. This move was designed to take the regulatory burden off clients while ensuring fiduciary transparency.
The company is currently leveraging this framework to expand into stablecoin infrastructure and tokenization. Success in these areas is crucial as Bitcoin signals market structure shifts that favor regulated, multi-signature security over unregulated alternatives. BitGo already secures approximately 20% of all on-chain Bitcoin transactions by value.
Diversified revenue streams and global operations
While traditional custody fees remain a core revenue source, BitGo has expanded its Prime desk to include over-the-counter (OTC) trading and derivatives. These services allow institutional investors to access liquidity and manage collateral without moving funds out of qualified custody. The firm also generates income by taking a 10% to 15% share of client staking rewards for assets like Ethereum and Solana.
The company’s Stablecoin-as-a-Service platform has become another high-growth segment. BitGo provides infrastructure for World Liberty Financial’s USD1 and SoFi’s SoFiUSD, the latter representing the first U.S. national bank-issued stablecoin on a public blockchain. These partnerships helped drive the $16.2 billion revenue figure that secured BitGo’s Fortune 500 debut.
Global expansion has further bolstered the bottom line. BitGo operates in more than 100 countries, maintaining a VARA license in Dubai and regional hubs in London, Singapore, and Mexico City. This international footprint allows the firm to support a diverse client base ranging from Bitcoin ETF issuers like 21Shares to fintech platforms like Fold.
Institutional scale and Bitcoin treasury holdings
BitGo’s scale is highlighted by its custody of more than 470,000 BTC, placing it among the top 10 largest entities holding Bitcoin globally. This massive reserve underscores its role as a critical bridge between traditional finance and digital assets. As Bitcoin price stabilizes near historical highs, the demand for secure, independent custodians continues to grow.
Beyond client assets, BitGo Holdings maintains a significant corporate treasury of approximately 2,449 BTC. This balance sheet commitment ranks the firm 32nd among global corporate Bitcoin holders. CEO Mike Belshe noted that institutions are increasingly seeking the “operational resilience” that BitGo’s model provides, moving away from market hype toward transparency.
Looking forward, the firm is focusing on the tokenization of traditional assets, such as public and private equities. Belshe believes this representation of traditional assets on blockchain infrastructure will eventually broaden market access. For now, the firm’s Fortune 500 status serves as what Belshe calls “validation” for a project that began when digital asset infrastructure was in its infancy.