BitGo's Bumpy Ride on the Stock Market

BitGo, a company that keeps digital money safe, recently started selling shares to the public. At first, things looked good. The price of each share went up by 25% on the first day. But then, the excitement faded, and the price dropped. By the end of the week, shares were worth less than when they first started selling. This up-and-down movement is not unusual for companies that deal with cryptocurrency. Investors often buy shares quickly, hoping to make a profit, and then sell them just as fast. This can cause big price swings. BitGo is worth about $2 billion now, but its future is uncertain.BitGo is not the only crypto company thinking about selling shares. Ledger, which makes hardware wallets for digital money, is also considering going public. Another company, Kraken, recently raised a lot of money but hasn't decided if it will sell shares yet. But going public is not always easy. Many companies that started selling shares in 2025 are not doing well. They are not making as much money as other companies on the stock market. Experts say that investors are being more careful now. They want to see a good plan and strong results before they buy shares.