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BitGo Announces Third Quarter 2026 Financial Results

Business Wire•09/11/2026•16:15 ET
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Key Highlights

  • ➤Q3 revenue $2.9 billion, down 50.9% year over year
  • ➤Net income $44.1 million, versus $19.0 million Q2 net loss
  • ➤Normalized assets on platform $59.9 billion, up 31.9% year over year
  • ➤Completed acquisition of NYDIG’s institutional trading business
  • ➤Repurchased $24.7 million of common stock during the quarter

Expert Statements

Mike Belshe, CEO of BitGo

“During the third quarter, we continued to strengthen BitGo’s position as a leading institutional digital asset infrastructure platform. We expanded our global footprint and completed the acquisition of NYDIG’s institutional trading business. We also expanded our off-exchange settlement network through partnerships and integrations with leading exchanges and liquidity providers. Security and asset protection have been central to BitGo since our founding, and we believe our regulated security infrastructure represents an important competitive advantage as institutional adoption accelerates. BitGo’s Go Network offers a differentiated model that allows institutions to maintain their assets in a regulated, national bank while accessing an expanding network of trading venues, products, and liquidity. This gives institutions greater trading flexibility and choice while reducing their exposure to exchange counterparty risk. We believe this combination of security, asset protection, and market access represents an important evolution in institutional digital asset infrastructure. At the same time, we are positioning BitGo to provide the financial infrastructure for bringing traditional assets on-chain, beginning with tokenized equities. We see significant opportunities to broaden access to U.S. equities through existing digital asset and stablecoin networks, while expanding the utility of traditional investment portfolios through on-chain settlement, collateral, and financing applications. We believe this convergence of traditional finance and blockchain infrastructure significantly expands our addressable market and creates new opportunities to leverage BitGo’s regulated financial services platform, institutional relationships, and expanding financial capabilities.”

BitGo Holdings, Inc. (NYSE: BTGO) (“BitGo” or “the Company”), the digital asset infrastructure company, today reported its financial results for its third quarter ended September 30, 2026.

* Normalized Assets on Platform, and Normalized Assets Staked increased 32% and 41% year-over-year, respectively, reflecting continued growth in institutional adoption.

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