Crypto custodian BitGo slides after posting Q4 loss

Bitgo Holdings

27/03/2026 14:31

** Shares of crypto custody firm Bitgo BTGO.N down 12.42% at $7.97

** BTGO late on Thursday posted Q4 net loss of $50 million, compared with net income of $129.4 million in the prior year

** Loss driven by declines in digital asset prices impacting the company’s bitcoin treasury

** Analyst at Clear Street says, "We remain positive on shares of BTGO as the company shifts toward higher-quality, recurring revenue and improving operating leverage"

** 11 of 13 analysts rate stock "strong buy" or "buy" and two "hold"; their median PT is $16 - data compiled by LSEG

** As of last close, BTGO down about 50% since its debut on Jan 22

 (Reporting by Pragyan Kalita in Bengaluru)

 ((Pragyan.Kalita@thomsonreuters.com;))