BitGo Moves HQ to South Dakota Ahead of $2B IPO

Published at 2026-01-21 17:15:11

California-based custody specialist BitGo has officially moved its headquarters from Palo Alto to South Dakota as it prepares to pursue an IPO targeting a $2 billion valuation. The relocation, announced as the company accelerates its public-markets preparations, comes amid broader industry moves to optimize regulatory and tax footprints ahead of listing.

The change matters because South Dakota is viewed as a business-friendly jurisdiction that can offer regulatory and tax advantages for financial firms, a potential draw for an institutional custody provider courting investors. By shifting its base, BitGo appears to be signaling confidence in its growth trajectory and a focus on aligning corporate structure with long-term capital-market plans, which could affect investor perception and valuation ahead of the deal.

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Hong Kong on Jan 31, 2026 enacted new rules for stablecoins and tightened overall crypto oversight, calling the sector a “new growth engine.” Regulators say the move creates clearer frameworks for market participants and aims to boost investor protection and market integrity.

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Published at 2026-01-30 12:15:13

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