BITGO HOLDINGS, INC. (BTGO)
Financials · Digital Asset Infrastructure · NYSE
BitGo is a leading provider of regulated, institutional-grade infrastructure for the secure storage, management, and utilization of digital assets.
What BITGO HOLDINGS, INC. does
BitGo provides a comprehensive institutional-grade digital asset infrastructure platform, offering qualified custody, self-custody wallet technology, prime liquidity, and staking services. The company also delivers infrastructure-as-a-service solutions, including stablecoin issuance and management, to a global client base ranging from crypto-native firms to traditional financial institutions. By maintaining a regulated, bankruptcy-remote structure, BitGo aims to provide the secure foundation required for institutional participation in the digital asset economy.
Recent developments
In Q2 2026, BitGo launched quantum-risk management for Bitcoin wallets and announced annualized cash savings of $15 million. The company also supported DTCC's demonstration of tokenized securities, further expanding its role in regulated infrastructure for institutional digital asset markets.
From BITGO HOLDINGS, INC.'s filing of 2026-08-12.
Themes: digital asset custody, institutional crypto adoption, stablecoin infrastructure, tokenized financial markets, staking services, prime brokerage / liquidity
Fundamentals
- Price$6.08 as of 2026-10-21 close
- Market cap$715M as of 2026-08-07 (share count; price 2026-10-21)
- P/En/a earnings data not available
- ROICn/a No figure: its 10-K tags no operating income.
- Debt / equity0.31 borrowings, leases excluded / equity — 10-Q/10-K balance sheet 2026-06-30
- Beta3.47 as of 2026-09-03
- Last reported earnings2026-08-12 SEC EDGAR Form 8-K (Item 2.02)
Quarterly results
Balance sheet at 2026-06-30
- Cash and equivalents$159M
- Total debt$133M borrowings only; leases excluded
- Net debt-$26M total debt − cash − short-term investments
From the company's own SEC 10-Q and 10-K filings (XBRL), re-read every week. Figures in US dollars as filed; informational only — not financial advice.
How BITGO HOLDINGS, INC. looks technically
BITGO HOLDINGS, INC. (BTGO): a trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 21 (a reading of 25+ marks a strong trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 40, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 3 trading days ago.
Trend
7
| Distance from the 200-day | not enough price history yet — needs 200 trading sessions | n/a |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $6.94 | $6.94 |
| 200-day moving average | not enough price history yet — needs 200 trading sessions | n/a |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing low 23 calendar days ago — the swings before that are what the structure reading is measured on | 23 sessions |
| Since the 50/200 cross | not enough price history yet — needs 200 trading sessions | n/a |
| Trend strength (14-day ADX) | a trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 21 (a reading of 25+ marks a strong trend) | 20.9 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 40, neither overbought (above 70) nor oversold (below 30) | 39.8 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($5.41 to $7.90) — its "stochastic" reading is 27 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 26.9 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) | 19 sessions |
Range
7
| Since a 20-day breakout | it made a new 20-day low about 3 trading days ago | 3 sessions |
|---|---|---|
| Since a 55-day breakout | it made a new 55-day high about 22 trading days ago | 22 sessions |
| All-time high | its highest closing price on record is $24.50 (set on 2026-01-22) | $24.50 |
| Given back of the 52-week move | not available for this company yet | n/a |
| Nearest price level | not enough price history yet — needs 252 trading sessions | n/a |
| All-time low | its lowest closing price on record is $4.65 (set on 2026-08-13) | $4.65 |
| Above the all-time low | it is 30.7% above its all-time low | +30.7% |
Volatility
4
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 53rd percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.5212 between its high and its low — about 8.6% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.5212 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $5.63 and $8.24 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $5.63 – $6.93 – $8.24 |
| Typical daily range (% of price) | its price moves about 8.6% in a typical session — among the most volatile in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 8.6% |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.52× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
1
| Since a hammer | 8 sessions ago, after a stretch of decline, it sold off hard during the session and then closed back near its high — a "hammer", the long lower wick showing the drop was bought back before the close | 8 sessions ago |
|---|
Price gaps
3
| Gap at the open | it opened on 2026-10-21 2.4% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and had not traded back through that level by the close | +2.4% |
|---|---|---|
| Open gap | it gapped 2.4% above the previous close today and has not traded back through the level it left behind at 5.74 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +2.4% |
| Gap filled | a 2.2% gap up opened on 2026-10-19 has been "filled" 2 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 2 sessions ago |
Price streaks
1
| Closing streak | it has closed higher 2 sessions in a row, a +8.38% move over the run — an unbroken run of up days, which describes what has already happened and says nothing about the next session | 2 sessions up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 22.6 percentage points (the stock lost 22.6% while the market lost 0.1%) | -22.6% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 4.3 percentage points (the stock gained 7.6% while the market gained 3.3%) | +4.3% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 54.1 percentage points (the stock lost 44.3% while the market gained 9.8%) | -54.1% |
| vs market, 12 months | not available for this company yet | n/a |
Signal agreement
2
| Bullish technical signals | 0 of the 7 technical signals we can compute for it are currently in a bullish state — these describe past price behaviour, not a forecast | 0 of 7 |
|---|---|---|
| Bearish technical signals | 4 of the 7 technical signals we can compute for it are currently in a bearish state: a fresh 20-day low, MACD momentum is negative, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 4 of 7 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 3.5% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-15 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thick, spanning 8.4% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross. | -3.5% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 30% below the average price paid since 2026-01-22, so the typical buyer over that stretch is under water. That average is $8.69 — a volume-weighted average of daily closes over 179 sessions, not a true tick-by-tick VWAP. | -30.1% |
|---|---|---|
| Vs the average paid since it last reported | the price is 13% below the average price paid since it last reported on 2026-08-12 (its 10-Q), so the typical buyer over that stretch is under water. That average is $6.96 — a volume-weighted average of daily closes over 50 sessions, not a true tick-by-tick VWAP. | -12.7% |
Wave structure
No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.
Read from daily closes as of 2026-10-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 50-day moving average · Broke down to a new 20-day low · Most volatile (6%+ typical daily range) · Under water since its last earnings report (below the anchored VWAP) · Trading below the Ichimoku cloud | Learn: adx · rsi · breakout
Based on daily closing prices as of 2026-10-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingStrong Buy (1.33 mean, 1=Strong Buy…5=Strong Sell) — 12 analysts
- Mean price target$10.38 range $7.50 – $15.00; median $10.00
Analyst estimates, as of 2026-10-21. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for BTGO
- Consensus EPS estimate-$0.035 next reporting period, as of 2026-10-21
- Estimate change, 30 days$0.00 from -$0.035, on 2026-09-16, 35-day window
- Readings revised upward0% of 9 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["High volatility in digital asset prices significantly impacts Assets on Platform and revenue.","Regulatory changes and evolving oversight across global jurisdictions.","Operational risks inherent in digital asset custody and security."]
What changed in the latest 10-Q
AI-assisted comparison of BTGO's 10-Q filed 2026-08-12 against the prior one filed 2026-05-14.
Management's Discussion & Analysis (MD&A)
- Reworded:
- In the Overview, newer filing states 'We supported over 2,200 digital assets as of June 30, 2026' whereas older filing states 'We supported over 1,800 digital assets as of March 31, 2026'.
- In the Overview, newer filing states Number of Clients 'exceeded 5,800 as of June 30, 2026' whereas older filing states 'exceeded 5,500 as of March 31, 2026'.
- In the Overview, newer filing states approximately '$65.2 billion in Assets on Platform ("AoP") for the three months ended June 30, 2026' whereas older filing states approximately '$63.0 billion in Assets on Platform ("AoP") for the three months ended March 31, 2026'.
- In the Overview, newer filing states '$11.9 billion in Assets Staked for the three months ended June 30, 2026' whereas older filing states '$11.8 billion in Assets Staked for the three months ended March 31, 2026'.
- In Financial and Operational Highlights, newer filing states 'The fair value of AoP decreased from $90.3 billion for the three months ended June 30, 2025 to $65.2 billion for the three months ended June 30, 2026' whereas older filing states 'The fair value of AoP decreased from $90.5 billion for the three months ended March 31, 2025 to $63.0 billion for the three months ended March 31, 2026'.
- In Financial and Operational Highlights, newer filing states 'Number of Clients increased from 4,621 as of June 30, 2025 to 5,833 as of June 30, 2026' whereas older filing states 'Number of Clients increased from 3,900 as of March 31, 2025 to 5,500 as of March 31, 2026'.
- In Financial and Operational Highlights, newer filing states 'The fair value of Assets Staked decreased from $25.6 billion for the three months ended June 30, 2025 to $11.9 billion for the three months ended June 30, 2026' whereas older filing states 'The fair value of Assets Staked decreased from $28.4 billion for the three months ended March 31, 2025 to $11.8 billion for the three months ended March 31, 2026'.
- In Financial and Operational Highlights, newer filing states 'Digital asset sales revenue increased from $2,278.2 million for the three months ended June 30, 2025 to $4,197.5 million for the three months ended June 30, 2026' whereas older filing states 'Digital asset sales revenue increased from $1,605.5 million for the three months ended March 31, 2025 to $3,659.5 million for the three months ended March 31, 2026'.
- In Financial and Operational Highlights, newer filing states 'Total revenue increased from $2,410.5 million for the three months ended June 30, 2025 to $4,329.4 million for the three months ended June 30, 2026' whereas older filing states 'Total revenue increased from $1,775 million for the three months ended March 31, 2025 to $3,774 million for the three months ended March 31, 2026'.
- In Financial and Operational Highlights, newer filing states 'Net income was $38.3 million for the three months ended June 30, 2025, compared to net loss of $19.0 million for the three months ended June 30, 2026' whereas older filing states 'Net loss increased from $25.7 million for the three months ended March 31, 2025 to $60.7 million for the three months ended March 31, 2026'.
- In Financial and Operational Highlights, newer filing states 'Adjusted EBITDA decreased from 3.0 million for the three months ended June 30, 2025 to an Adjusted EBITDA loss of $(4.2) million for the three months ended June 30, 2026' whereas older filing states 'Adjusted EBITDA decreased from $3.9 million for the three months ended March 31, 2025 to an Adjusted EBITDA loss of $1.7 million for the three months ended March 31, 2026'.
- In Key Business Metrics, newer filing states 'For the three months ended June 30, 2026, our AoP was $65.2 billion, representing a decrease of 27.8% from the three mon' whereas older filing states 'For the three months ended March 31, 2026, our AoP was $63.0 billion, representing a decrease of'.
- Notes:
- Newer filing text appears truncated at the end of the excerpt; the final sentence may be incomplete.
Risk Factors
- Added:
- In the newer filing (2026-08-12), Item 2 includes a new subsection (c) 'Issuer Purchases of Equity Securities' describing a share repurchase program authorized in June 2026 for up to $50.0 million, stating no shares were repurchased during the three months ended June 30, 2026, and that $50.0 million remained available as of June 30, 2026.
- Removed:
- In the older filing (2026-05-14), the exhibit list for Item 6 included exhibits 3.1, 3.2, 4.1, 4.2, 10.1, 10.2, and 10.3 with incorporation by reference details; these exhibits are not present in the newer filing (2026-08-12).
- Reworded:
- In the newer filing (2026-08-12), the phrase 'Part I, Item 1A' is used, whereas the older filing (2026-05-14) used 'Part 1, Item 1A' in the risk factors section.
- In the newer filing (2026-08-12), Item 5 states 'For the three months ended June 30, 2026,' whereas the older filing (2026-05-14) stated 'For the quarter ended March 31, 2026' in describing the Rule 10b5-1 trading plan disclosure period.
- The newer filing (2026-08-12) changes the heading for Item 4 to 'Mine Safety Disclosures' (plural), while the older filing (2026-05-14) used 'Mine Safety Disclosure' (singular).
- Notes:
- Both filings state there have been no material changes to the risk factors from the Annual Report on Form 10-K for the year ended December 31, 2025; the Risk Factors section text itself is otherwise unchanged apart from the 'Part I' vs 'Part 1' formatting difference.
- The newer and older provided texts include content beyond the Risk Factors section (Items 2 through 6), so some differences noted occur outside the Risk Factors section itself.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 3 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-17. The 5 days since 2026-10-17 have not been checked yet.
- Last 90 days · read to 2026-10-170 buys · 3 sells ($2116) — 3 selling insiders
- Last 180 days · read to 2026-10-170 buys · 9 sells ($237032) — 4 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-08-07. Based on Form 4 filings read through 2026-10-17; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about BTGO's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
4 institutional 13F filers reported holding BTGO as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 4
- Reported shares held 1,651,684
- Reported value $8,555,722
reported quarterly holdings change (2026-03-31 → 2026-06-30): 1 new, 2 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about BTGO's institutional holders → See what each manager we track holds →
Short interest (FINRA)
BTGO had 3,919,197 shares of reported short interest as of the 2026-09-30 FINRA settlement date (delayed, bi-monthly; not real-time).
Short interest as a percent of shares outstanding is not shown for BTGO because we do not hold a verified share count to divide it by. The reported figures above are unaffected.
- Reported short interest (shares) 3,919,197
- Prior settlement (shares) 2,302,906
- Reported change 70.18%
- Days to cover (reported) 1.48
Reported to FINRA as of the 2026-09-30 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Coinbase (COIN)
- Anchorage Digital
- Fireblocks
- Bakkt (BKKT)
- Galaxy Digital (GLXY)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does BITGO HOLDINGS, INC. (BTGO) do?
BitGo provides a comprehensive institutional-grade digital asset infrastructure platform, offering qualified custody, self-custody wallet technology, prime liquidity, and staking services. The company also delivers infrastructure-as-a-service solutions, including stablecoin issuance and management, to a global client base ranging from crypto-native firms to traditional financial institutions.
What sector is BITGO HOLDINGS, INC. (BTGO) in?
BITGO HOLDINGS, INC. (BTGO) is classified in the Financials sector. Its industry is Digital Asset Infrastructure. It trades on NYSE.
Who are BITGO HOLDINGS, INC.'s (BTGO) competitors?
Notable peers of BITGO HOLDINGS, INC. (BTGO) include Coinbase, Anchorage Digital, Fireblocks, Bakkt and Galaxy Digital. This peer set is informational only — not financial advice.
Is BITGO HOLDINGS, INC. (BTGO) overbought or oversold right now?
BITGO HOLDINGS, INC. (BTGO) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 40, in the neutral middle (as of 2026-10-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on BTGO come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.