BitGo (NYSE:BTGO) reported sharply higher first-quarter revenue from a year earlier but a wider GAAP loss, as executives said softer digital asset market conditions and accounting treatment for new derivatives activity made headline results less reflective of the company’s underlying business trends.
Founder and CEO Mike Belshe said BitGo delivered “strong underlying business performance” in the first quarter of 2026 despite “continued softness across the broader digital asset market.” He said the company continued to gain market share across assets under custody, trading volume and several product verticals, while investing in product, platform and go-to-market capabilities.
