An $18.8 million unrealized digital asset loss and weak trading margins pushed BitGo into the red in the second quarter.
BitGo, a publicly listed digital asset infrastructure company, posted a net loss of $19 million in the second quarter of 2026 despite a nearly 80% year-over-year increase in revenue to $4.3 billion.
Wednesday BitGo (BtGo) Report That its net loss narrowed from $60.7 million in Q1, while revenue grew 14.7% quarter over quarter. The year-over-year swing to loss reflects an $18.8 million unrealized loss on digital assets, compared to an unrealized gain of $55.8 million a year ago.
BitGo CEO Mike Belshey said during the earnings call that Q2 financial performance was below expectations.
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