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hsmith@howardsmithlaw.comThis lawsuit is for anyone who acquired securities in BitGo Holdings, Inc. (NYSE: BTGO) from January 19, 2026 through May 13, 2026.
The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, in the Prospectus to the Company’s IPO, and throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by understating the scope and severity of the risk that declining digital asset prices posed to Company’s business and financial performance.
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, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. 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, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in BitGo Holdings, Inc. (NYSE: BTGO) from January 19, 2026 through May 13, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
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