A securities class action has been filed against BitGo Holdings, Inc. (BTGO) on behalf of a class (the “Class”) consisting of all persons and entities other than Defendants that purchased or otherwise acquired (a) BitGo Class A common stock pursuant and/or traceable to the Offering Documents (defined below) issued in connection with the Company’s January 22, 2026 initial public offering (the “IPO” or “Offering”); and/or (b) BitGo securities between January 22, 2025 through May 13, 2026. This case has been filed in the USDC – EDNY.
On May 13, 2026, BitGo filed a Current Report with the Securities and Exchange Commission on Form 8-K in which it reported its first quarter 2026 financial results. BitGo disclosed that “total revenue declined 38.7%, reflecting a weaker crypto market environment, as well as lower digital asset sales revenue resulting from a shift in client activity from spot trading to derivatives products following the launch of BitGo’s derivatives offering at the beginning of the quarter.”
On this news, BitGo’s stock price fell $2.05 per share, or 17.2%, to close at $9.86 per share on May 14, 2026.