Law Offices of Howard G. Smith announces an investigation on behalf of BitGo Holdings, Inc. (“BitGo” or the “Company”) (NYSE: BTGO) investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN BITGO HOLDINGS, INC. (BTGO), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On January 22, 2026, BitGo conducted its initial public offering (“IPO”), selling 11,821,595 shares of Class A common stock at $18.00 per share.
On March 26, 2026, BitGo released its fourth quarter and full year 2025 financial results, reporting a net loss of $14.8 million for 2025, compared to $156.6 million in net income for 2024 and a quarterly margin of 0.21% in its Digital Asset Sales segment, compared to a quarterly margin of 0.47% in the prior year citing “declines in digital asset prices impacting the Company’s Bitcoin treasury.” The Company also declined to provide guidance for the first quarter of 2026, instead stating that revenue streams faced “a direct impact” from a “challenging” macroeconomic environment.
On this news, BitGo’s stock price fell $1.43, or 15.7%, to close at $7.67 per share on March 27, 2026, thereby injuring investors.
Then, on May 13, 2026, BitGo released its first quarter 2026 financial results, reporting a net loss of $60.7 million, compared to a net loss of $25.7 million in the same quarter one year earlier, stating that the poor results “reflect[ed] weaker market conditions, approximately $3.0 million of one-time legal and professional costs associated with the IPO and other strategic initiatives, and continued investment in product, platform, and go-to-market capabilities.”
On this news, BitGo’s stock price fell $2.05, or 17.2%, to close at $9.86 per share on May 14, 2026, thereby injuring investors further.
Contact Us To Participate or Learn More:
If you purchased BitGo securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com,
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260610710641/en/
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