Bitcoin Magazine
BitGo Joins Fortune 500 with $16.2B Revenue, Marking Milestone for Regulated Bitcoin Infrastructure
BitGo Holdings, Inc. (NYSE: BTGO) has been named to the 2026 Fortune 500, becoming the first true digital asset infrastructure company to reach the list. The debut comes just five months after the company went public on the New York Stock Exchange in January 2026, with reported revenue 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 Belshe is slated for prominent placement in the upcoming Fortune Crypto 100 list in August, including feature coverage and limited cover variants.
While miners, major 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 Evolution
BitGo was founded in 2011 by Mike Belshe, its current CEO, alongside Bill Lee, Ben Davenport and Will O’Brien. It began as a provider of secure Bitcoin wallets and institutional-grade custody solutions, emphasizing multi-signature technology and enterprise security at a time when few reputable options existed for large holdings.
Over more than a decade, the company grew into one of the most recognized names in digital asset infrastructure, powering wallets, custody, trading, and operations for many prominent platforms, funds, and institutions in the Bitcoin and broader crypto industry.
Current Operations and Regulatory Standing
Today, BitGo functions as a full-stack infrastructure provider. It operates as BitGo Bank & Trust, National Association, a federally chartered national trust bank under the Office of the Comptroller of the Currency (OCC). This designation, approved in December 2025, imposes stringent federal requirements — including enhanced capital standards, regular audits, comprehensive risk management, and fiduciary oversight — while delivering significant strategic advantages.
The OCC charter provides uniform federal supervision and regulatory clarity, replacing fragmented state-by-state licensing in many cases and offering institutions the certainty they expect from a federally regulated fiduciary. It enables nationwide service capabilities with federal preemption of certain duplicative state requirements.
Nick Payton, VP of Marketing at BitGo, told Bitcoin Magazine that the OCC federal charter, combined with being a public company, unlocks regulatory clarity sought out by institutional clients. “We spent the money and made sure to take that burden off of our clients.” Payton also described the OCC federal charter as a moat that software alone can not easily unlock, even with the power of artificial intelligence
