Every 8-K that BitGo Holdings, Inc. (BTGO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow BTGO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BTGO filings page.
BitGo Holdings, Inc. said Chief Operating Officer Jody Mettler intends to resign effective October 16, 2026. She informed the board of her intention on September 21, 2026, and will assist with transitioning her existing roles and responsibilities to other members of the leadership team before her departure. The company stated that her decision was not the result of any disagreement concerning its operations, policies or practices.
BitGo Holdings, Inc. (BTGO) entered into and promptly closed an Agreement and Plan of Merger to acquire NYDIG IF Holdings LLC, the institutional trading business subsidiary of NYDIG IHC LLC, through a two-step merger structure, making the business a direct, wholly owned subsidiary of BitGo.
The aggregate consideration to the seller includes $7,000,000 in cash (subject to holdback and customary adjustments), approximately $35,500,000 in BitGo common stock issued at closing, a $10,000,000 cash contingent payment tied to a specified revenue milestone, and a further up to $5,000,000 cash plus additional BitGo shares upon achieving a second revenue milestone. BitGo also expects to grant transferred employees restricted stock units with a target value of $5,000,000 and cash retention awards with a target value of $5,000,000, both vesting in full upon achievement of the second revenue milestone.
The acquired NYDIG institutional trading business provides derivatives, structured products, financing and capital markets solutions, with about 30 employees and associated institutional client relationships joining BitGo. A Registration Rights Agreement requires BitGo to register the merger consideration shares on a resale shelf, with filing and effectiveness timelines tied to Form S-3 eligibility and SEC review.
BitGo Holdings reported Q2 2026 total revenue of $4.33 billion, up 79.6% year-over-year and 14.7% sequentially, driven mainly by Digital Asset Sales and strong Stablecoin-as-a-Service growth. Direct costs were $4.29 billion, yielding modest gross contribution, while net loss was $19.0 million versus net income of $38.3 million a year earlier and a $60.7 million loss in Q1 2026.
Adjusted EBITDA loss was $4.2 million, compared with a $3.0 million gain in Q2 2025 and a $1.7 million loss in Q1 2026, reflecting margin pressure in Digital Asset Sales and Staking. Clients on the platform rose to 5,833, up 26.2% year-over-year, and Normalized Assets on Platform reached $65.2 billion, up 31.4% year-over-year, while Normalized Assets Staked climbed to $11.9 billion, up 36.1%.
BitGo highlighted actions expected to drive approximately $15 million of annualized cash savings and disclosed a share repurchase authorization of up to $50 million. As of June 30, 2026, the company held $159.0 million in cash, 2,523 company-owned Bitcoin valued at about $147.7 million, and reported no corporate-level debt. The company also announced that Chief Financial Officer Ed Reginelli will resign effective September 15, 2026, remaining in an advisory role during the transition.
BitGo Holdings, Inc. disclosed that Chief Executive Officer Michael Belshe announced a workforce reduction of nearly 15% in an X post that the company is furnishing for investors. The message explains that BitGo is refocusing resources on security, trading, stablecoins, settlement and AI-powered infrastructure as the broader ecosystem evolves.
Belshe describes the layoffs as a one-time action and states that BitGo does not anticipate further reductions, while emphasizing appreciation for departing employees and the need for the remaining team to support each other during the reorganization. The company also highlights that it uses its investor relations website and social media accounts, including its own and the CEO’s X accounts, to share important and potentially material information with investors.
BitGo Holdings, Inc. reported that Jeffrey Horowitz has notified the company he will retire as Chief Compliance Officer. His retirement is effective June 19, 2026, following notice given on June 18, 2026.
The company stated that Mr. Horowitz’s decision to retire was not due to any disagreement regarding its operations, policies, or practices.
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.
BitGo Holdings reported strong growth but wider losses in Q1 2026. Total revenue reached $3.8 billion, up 112.6% year-over-year but down 38.7% from Q4 2025, as client activity shifted from spot trading to newly launched derivatives, which are recognized on a net basis.
Net loss was $(60.7) million, compared with losses of $(25.7) million a year ago and $(50.0) million in Q4, largely driven by non-cash Bitcoin mark-to-market impacts and IPO-related stock-based compensation. Adjusted EBITDA was a modest loss of $(1.7) million versus gains in both prior periods.
Operationally, BitGo added clients and deepened usage. Clients rose to 5,569, up 42.0% year-over-year, while normalized assets on platform grew 29.4% year-over-year and 10.1% sequentially. Digital asset sales margins improved to 32 bps, and stablecoin-as-a-service revenue grew to $38.2 million with a higher 7.4% take rate. The balance sheet showed $186.6 million in cash and cash equivalents and a digital assets treasury including 2,449 Bitcoin valued at about $167.1 million as of March 31, 2026.
BitGo Holdings, Inc. reported that its Audit Committee dismissed Crowe LLP as independent registered public accounting firm on March 31, 2026, after Crowe had audited the company’s consolidated financial statements for the years ended December 31, 2025 and 2024. Crowe’s prior audit reports contained no adverse opinions, disclaimers, or qualifications.
The company states there were no disagreements with Crowe on accounting principles, financial statement disclosure, or audit scope, and no reportable events other than previously disclosed material weaknesses in internal control over financial reporting described in the Form 10-K for the year ended December 31, 2025. Crowe provided a letter to the SEC agreeing with these disclosures, filed as Exhibit 16.1.
On the same date, the Audit Committee approved the engagement of KPMG LLP as BitGo’s new independent registered public accounting firm for the fiscal year ending December 31, 2026. The company reports it did not consult KPMG in advance on specific accounting applications, potential audit opinions, or matters involving disagreements or reportable events.
BitGo Holdings reported explosive growth but mixed profitability for the fourth quarter and full year 2025. Total revenue reached $6.2 billion in Q4 2025, up 439.9% year-over-year, and $16.2 billion for 2025, up 424.3%, driven mainly by digital asset sales, subscriptions, services and stablecoin offerings.
Despite this, BitGo posted a full-year net loss of $14.8 million, compared with net income of $156.6 million in 2024, largely due to declines in digital asset prices affecting its Bitcoin treasury. Adjusted EBITDA improved sharply to $12.1 million in Q4 and $32.4 million for 2025, showing stronger underlying operations.
Digital Asset Sales revenue grew to $15.6 billion for 2025, while staking revenue declined and assets on platform fell to $81.6 billion as of December 31, 2025. The company more than doubled its client count to 5,322. Strategically, BitGo secured OCC approval to become a federally chartered digital asset infrastructure provider, debuted on the NYSE, launched Stablecoin-as-a-Service and Crypto-as-a-Service, and reported roughly $3 billion in Q1 2026 derivatives notional volume generating over $3 million in revenue.
BitGo Holdings filed an update on executive pay, confirming discretionary cash bonuses for its named executive officers for fiscal year 2025. Chief Revenue Officer Chen Fang received a $370,000 salary and a $685,000 bonus, bringing his total 2025 compensation to $1,069,000. Chief Financial Officer Edward Reginelli earned a $373,306 salary, an $87,500 bonus and other compensation of $14,000, totaling $474,806, while CEO Michael Belshe received $500,000 in salary and no bonus.
The filing also details prior RSU awards to Mr. Reginelli tied to a liquidity event, with the performance condition achieved upon BitGo’s IPO in January 2026. Separately, the Compensation Committee approved additional discretionary awards to Mr. Reginelli: a $500,000 cash bonus and 47,125 RSUs under the 2026 Equity Incentive Plan, vesting over four years subject to continued employment.
BitGo Holdings, Inc. updated its core corporate governance documents in connection with the closing of its initial public offering of Class A common stock. On January 23, 2026, the company filed an Amended and Restated Certificate of Incorporation with the Delaware Secretary of State, and its Amended and Restated Bylaws became effective immediately prior to the offering’s closing, as previously approved by its board and stockholders.
Certain key terms of BitGo’s capital structure and governance framework are described in the “Description of Capital Stock” section of the company’s final prospectus dated January 21, 2026. The full text of the amended charter and bylaws is included as exhibits to this report.