BitGo reported a loss of $50 million in the fourth quarter, and its stock price fell more than 8% on Thursday.

GateNews

bitcoin news Price Volatility Industry Reports

2026-03-27 05:01:23

BTC-2,16%

Gate News reports that on March 27, cryptocurrency infrastructure company BitGo released its first earnings report since its IPO, showing a loss of $50 million in the fourth quarter, primarily due to a decline in digital asset prices at the end of last year that impacted the value of its Bitcoin holdings. As a result, BitGo’s stock price fell more than 8% on Thursday, closing at an all-time low. In after-hours trading, the stock rebounded slightly, rising about 2.2%.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments