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BitGo (NYSE: BTGO) approves $50M buyback, ~8% of Class A shares

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

BitGo Holdings, Inc. announced that its board has approved a share repurchase program authorizing the company to buy back up to $50 million of its outstanding common stock. The press release notes this represents approximately 8% of BitGo’s Class A shares outstanding based on current stock prices.

Repurchases may be made over time through open market purchases, privately negotiated transactions, block trades or other methods, at the company’s discretion and subject to market, legal and regulatory conditions. The authorization is effective immediately, has no fixed expiration date, and does not obligate BitGo to repurchase any specific amount.

The company expects to fund any repurchases using existing cash and cash equivalents and ongoing cash from operations and does not expect buybacks to affect the capital positions of its regulated subsidiaries. BitGo’s board and management describe the program as reflecting confidence in the business and its long-term trajectory.

Positive

  • Meaningful buyback authorization: Board approves up to $50 million of share repurchases, described as approximately 8% of Class A shares outstanding, signaling confidence in the company’s valuation and providing a potential capital return mechanism for shareholders.

Negative

  • None.

Insights

BitGo adds a flexible $50M buyback, signaling confidence and capital return capacity.

BitGo’s board authorized a share repurchase program of up to $50 million, described as roughly 8% of Class A shares outstanding. This is a meaningful authorization for a listed company in a volatile digital asset ecosystem and indicates management’s willingness to return capital alongside growth investment.

The program is highly discretionary: timing, size and methods depend on stock price, broader markets, digital asset conditions, regulatory and capital requirements, and other corporate needs. Repurchases may use open-market buys under Rule 10b-18 and potential Rule 10b5-1 plans, giving operational flexibility while staying within securities law parameters.

Because the authorization has no fixed end date and no minimum purchase commitment, actual impact will depend on how aggressively BitGo deploys the $50 million over time. Future company filings and disclosures about executed repurchases and remaining authorization will clarify how much of this capacity transforms into realized share count reduction.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Share repurchase authorization $50,000,000 Maximum common stock repurchases approved by BitGo’s board
Class A shares coverage Approximately 8% of Class A shares Buyback size relative to Class A shares outstanding
Rule 10b-18 framework Rule 10b-18 compliance Open market repurchases to follow pricing and volume conditions
Rule 10b5-1 plans Potential trading plans Company may use Rule 10b5-1 plans to facilitate repurchases
Funding sources Existing cash and cash from operations Expected sources to finance authorized repurchases
Announcement date June 17, 2026 Date BitGo announced the $50 million repurchase program
share repurchase program financial
"announced that its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to $50 million"
A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.
Rule 10b-18 regulatory
"Open market repurchases are expected to be conducted in accordance with applicable federal securities laws, including, as applicable, the pricing, timing, volume and manner conditions of Rule 10b-18"
Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.
Rule 10b5-1 regulatory
"The Company may also enter into trading plans intended to satisfy the affirmative defense conditions of Rule 10b5-1 under the Exchange Act"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
forward-looking statements regulatory
"Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
digital asset infrastructure company financial
"BitGo Holdings, Inc. (NYSE: BTGO) (“BitGo” or the “Company”), the digital asset infrastructure company, today announced that its Board of Directors has authorized"
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0001740604false00017406042026-06-172026-06-17

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM 8-K


CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 17, 2026


BitGo Holdings, Inc.
(Exact name of registrant as specified in its charter)


Delaware
001-43057
82-3998490
(State or Other Jurisdiction of
Incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
101 S. Reid Street, Suite 307, PMB# 9793
Sioux Falls, SD 57103
(Address of principal executive offices,
including zip code)

(650) 847-0009
Registrant’s Telephone Number, Including
Area Code
Not Applicable
(Former name or former address, if changed
since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Class A Common Stock, par
value $0.0001 per share
BTGO
The New York Stock Exchange



Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 8.01 Other Events.
On June 17, 2026, BitGo Holdings, Inc. (the “Company”) announced that its board of directors have approved a share repurchase program with authorization to purchase up to $50,000,000 of its outstanding common stock.

Repurchases under the program may be made in the open market, in privately negotiated transactions or by other methods, with the amount and timing of repurchases to be determined at the Company’s discretion, depending on market conditions and corporate needs. Open market repurchases will be structured to occur in accordance with applicable federal and state securities laws, including within the pricing and volume conditions of Rule 10b-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization. This program does not obligate the Company to repurchase any particular dollar amount or number of shares of common stock and may be modified, suspended or terminated at any time at the discretion of its board of directors. The Company expects to fund repurchases with existing cash and cash equivalents and ongoing cash from operations.

Forward-Looking Statements

This Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this Form 8-K that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding the amount, timing and sources of funding for the share repurchase program. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual events or results to differ materially from those expressed or implied by the forward-looking statements, including, but not limited to, risks relating to the fact that common stock repurchases may not be conducted in the timeframe or in the manner the Company expects, or at all, and the important factors discussed under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 27, 2026, and the Company’s other filings with the SEC. These factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this Form 8-K. Any such forward-looking statements represent management’s estimates as of the date of this Form 8-K. While the Company may elect to update such forward-looking statements at some point in the future, the Company disclaims any obligation to do so, even if subsequent events cause its views to change.

Item 9.01 Financial Statements and Exhibits.
(d)Exhibits

Exhibit No.
Description
99.1
Press Release of BitGo Holdings, Inc. dated June 17, 2026
104.0Cover Page Interactive Data File (formatted as Inline XBRL)



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BitGo Holdings, Inc.
Date:June 17, 2026By:/s/ Edward Reginelli
Edward Reginelli
Chief Financial Officer
(Principal Financial Officer and Principal Accounting Officer)



BitGo Holdings, Inc. Announces $50 Million Share Repurchase Program

Board of Directors Authorizes Repurchase of BitGo Common Stock


NEW YORK, NY - June 17, 2026 - BitGo Holdings, Inc. (NYSE: BTGO) (“BitGo” or the “Company”), the digital asset infrastructure company, today announced that its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to $50 million of its common stock, representing approximately 8% of the Company’s Class A shares outstanding based on current stock prices. Subject to market conditions and other factors, the Board believes the fundamental value of the business exceeds the current market price and this buyback reflects the Company’s commitment to disciplined capital stewardship. The authorization is effective immediately and does not have a fixed expiration date.

“This authorization reflects the Board’s confidence in our business and long-term trajectory. We believe that repurchasing our shares represents an attractive use of capital at this time while allowing us to continue investing aggressively in our platform and clients,” said Ed Reginelli, Chief Financial Officer of BitGo.

Repurchases may be made from time to time through open market purchases, privately negotiated transactions, block trades or other means, subject to market conditions, applicable legal, regulatory and contractual requirements. Open market repurchases are expected to be conducted in accordance with applicable federal securities laws, including, as applicable, the pricing, timing, volume and manner conditions of Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The Company may also enter into trading plans intended to satisfy the affirmative defense conditions of Rule 10b5-1 under the Exchange Act to facilitate repurchases under the authorization.

The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion and will depend on factors including the market price of the Company’s common stock, general market and economic conditions, digital asset market conditions, capital and liquidity positions, financial performance, business requirements, regulatory and accounting considerations, applicable regulatory capital requirements, contractual restrictions, and alternative uses of capital. The program does not obligate the Company to acquire any amount of common stock, has no minimum purchase commitment, and may be modified, suspended or terminated at any time without prior notice. The Company expects to fund repurchases using existing cash and cash equivalents and does not expect repurchases to affect the capital positions of its regulated subsidiaries.

About BitGo
BitGo (NYSE: BTGO) is the digital asset infrastructure company delivering custody, wallets, staking, trading, financing, stablecoins, and settlement services from regulated cold storage. Since 2013, BitGo has focused on accelerating the transition of the financial system to a digital asset economy. BitGo maintains a global presence and multiple regulated entities, including BitGo Bank & Trust, National Association, the first federally chartered digital asset trust bank owned by a publicly traded company. Today, BitGo serves thousands of institutions, including many of the industry’s top brands, financial institutions, exchanges, and platforms, and millions of investors worldwide. For more information, visit www.bitgo.com.

Forward-Looking Statement
Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements regarding the Company’s share repurchase program, the Company’s expected use of capital and the Company’s future financial performance. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict, that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the market price of the Company’s common stock, the Company’s available capital and liquidity, regulatory capital requirements applicable to the Company’s regulated subsidiaries, the highly volatile nature of



digital assets, technical issues in connection with the integration of supported digital assets and changes and upgrades to their underlying network, heightened scrutiny of our industry and operations, the theft, loss, or destruction of private keys required to access any digital assets held in custody for our own account or for our clients, errors in executing client transactions or managing our own trading activities, and the other factors discussed in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 27, 2026, and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. Such forward-looking statements are based on facts and conditions as they exist at the time such statements are made and predictions as to future facts and conditions. While the Company believes these forward-looking statements are reasonable, readers of this press release are cautioned not to place undue reliance on any forward-looking statements. The information in this release is provided only as of the date of this release, and the Company does not undertake any obligation to update any forward-looking statement relating to matters discussed in this press release, except as may be required by applicable securities laws.

Media Contact
press@bitgo.com

Investor Contact
investors@bitgo.com

FAQ

What did BitGo Holdings (BTGO) announce in this 8-K filing?

BitGo announced board approval of a share repurchase program authorizing up to $50 million of common stock repurchases. The authorization is effective immediately, has no fixed expiration date, and gives the company flexibility on timing, size, and method of any future buybacks.

How large is BitGo’s new share repurchase program relative to its shares?

The press release states the $50 million share repurchase authorization represents approximately 8% of BitGo’s Class A shares outstanding, based on current stock prices. This indicates a potentially meaningful reduction in float if the company utilizes the full authorization over time.

How will BitGo fund the $50 million share repurchase program?

BitGo expects to fund share repurchases using existing cash and cash equivalents and ongoing cash from operations. The company also states it does not expect repurchases under the program to affect the capital positions of its regulated subsidiaries.

What methods can BitGo use to execute its share repurchases?

BitGo may repurchase shares through open market purchases, privately negotiated transactions, block trades or other means. Open market repurchases are expected to follow Rule 10b-18 conditions, and the company may use Rule 10b5-1 trading plans to facilitate buybacks.

Is BitGo required to buy back the full $50 million of stock?

No. The program authorizes, but does not require, BitGo to repurchase shares. There is no minimum purchase commitment, and the program may be modified, suspended or terminated at any time at the board’s discretion without prior public notice.

Why did BitGo’s board authorize this share repurchase program?

The board believes the company’s fundamental value exceeds the current market price and describes the buyback as an attractive use of capital. Management also frames the program as consistent with disciplined capital stewardship while continuing to invest in BitGo’s platform and clients.

Filing Exhibits & Attachments

4 documents