BitGo Holdings, Inc. (BTGO) Stock Price & Analysis
BitGo Holdings, Inc. (BTGO) closed at USD 5.8 on Wednesday, October 28, 2026, up 2.65% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 5.65; the Oct 28, 2026 session ranged USD 5.45–5.8 on volume of 587,277 shares. Market capitalization is $681.76M, with a 52-week range of USD 4.65–24.5 (NYQ). Source: Nexqual, retrieved October 29, 2026 at 07:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/BTGO.md
Key facts (BTGO)
- Insider open-market sales, last ~7 months: 7 Form 4 filings, $237K; 7 not under a Rule 10b5-1 plan ($237K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.17 on a 1–5 scale) (12 analysts), mean target USD 10.38 (range 7.5–15).
- Total return with dividends: 1Y -67.8% vs S&P 500 +13.6%; 5Y -60.0% vs S&P 500 +79.8%.
- Next earnings: 2026-11-09, EPS estimate USD -0.04, revenue estimate $4.37B.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (BTGO)
P/S 0.1x · P/B 1.6x · FCF yield -7.93% · Earnings yield -9.84%
Insider sales (SEC Form 4, open-market, last ~7 months) (BTGO)
0 of 7 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-07 | Mettler Jody | Chief Operating Officer | 97 | $0K | 0.3% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-07 | Reginelli Edward | Chief Financial Officer | 91 | $0K | 0% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-07 | Fang Chen | Chief Revenue Officer | 234 | $1K | 0% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-07-24 | Belshe Michael | CEO, President, CTO | 38,691 | $189K | 4.6% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-07-24 | Reginelli Edward | CFO | 9,021 | $44K | 1.5% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-11…2026-07-08 | Reginelli Edward | CFO | 185 | $1K | 0% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-11…2026-07-08 | Mettler Jody | Chief Operating Officer | 145 | $1K | 0.4% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (BTGO)
Consensus Buy (mean 2.17 on a 1–5 scale), 12 analysts; mean target USD 10.38 (low 7.5, high 15).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-21 | Canaccord Genuity | Maintained | Buy | $15 |
| 2026-08-17 | Cantor Fitzgerald | Target lowered | Overweight | $15 → $13 |
| 2026-08-14 | Citigroup | Target lowered | Buy | $17 → $10 |
| 2026-08-14 | Mizuho | Target lowered | Outperform | $14 → $11 |
| 2026-08-13 | Wells Fargo | Target lowered | Overweight | $13 → $11 |
| 2026-08-13 | Wedbush | Target lowered | Outperform | $15 → $8 |
| 2026-08-13 | Rosenblatt | Target lowered | Buy | $15 → $10 |
Total return (dividends reinvested) (BTGO)
| 1Y (from 2026-01-21) | 5Y (from 2026-01-19) | |
|---|---|---|
| Total return | -67.8% | -60.0% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | — | — |
| Volatility (annualized) | 97.8% | 91.4% |
| Max drawdown | -74.6% (Jan 2026→Jul 2026) | -67.5% (Jan 2026→Jun 2026) |
BTGO earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | −$0.03 | −$0.07 | Beat +57.1% | — |
| — | Quarter ended Mar 31, 2026 | −$0.13 | −$0.10 | Miss −30.0% | — |
| — | Quarter ended Dec 31, 2025 | $0.07 | −$0.42 | Beat +$0.49 | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
BTGO recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Sep 25, 2026 | 8-K | Director or executive officer change, or pay arrangement “On September 21, 2026, Jody Mettler informed the Board of Directors of BitGo Holdings, Inc. (the "Company") of her intention to resign as Chief Operating Officer of the Company, effective October 16, 2026 (the "Resignation Date"). Ms. Mettler's decision to resign was not as a result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices. Ahead of the Resignation Date, Ms. Mettler will assist the Company in transitioning her existing roles and…” |
| Sep 2, 2026 | Schedule 13G | NYDIG IHC LLC, New York Digital Investment Group LLC: 5.5% of shares, passive 5%+ holder |
| Aug 28, 2026 | 8-K | Entered a material agreement; Regulation FD disclosure “Merger Agreement On August 27, 2026, BitGo Holdings, Inc., a Delaware corporation (the "Company"), entered into an Agreement and Plan of Merger (the "Merger Agreement") with Project Gotham Merger Sub I, Inc., a Delaware corporation and a direct, wholly owned subsidiary of the Company ("Merger Sub 1"), Project Gotham Merger Sub II, LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of the Company ("Merger Sub 2"), NYDIG IHC LLC, a Delaware limited liability company ("Seller"), and NYDIG…” |
| Aug 12, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 12, 2026 | 8-K | Quarterly results; Director or executive officer change, or pay arrangement “On August 10, 2026, Edward Reginelli informed the Board of Directors of the Company of his intention to resign as Chief Financial Officer and principal accounting officer of the Company, effective September 15, 2026 (the "Resignation Date"). Mr. Reginelli's decision to resign was not as a result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices. The Company has launched a formal search for Mr. Reginelli's successor. Following the Resignation Date, Mr.…” |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
BTGO revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| U.S. | $2.61B | 60.3% | +176.3% |
| International | $1.72B | 39.7% | +17.3% |
| Total revenue | $4.33B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
BTGO suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Federal Deposit Insurance | “Additionally, although we utilize banks insured by the Federal Deposit Insurance Corporation (the "FDIC") to hold client fiat funds, these banks may still be subject to financial distress, insolvency, or failure.” |
Quoted from the company's 10-K filed Mar 27, 2026.
Companies that name BTGO in their SEC reports
| Relationship to BTGO | Company | Filing | Sentence |
|---|---|---|---|
| partner | TAO Synergies Inc. (TAOX) | 10-K Mar 31, 2026 | “All staking services are provided through BitGo pursuant to the terms of a Custodial Services Agreement ("CSA") and the BitGo Staking & Delegation Services Terms (collectively, the "Staking Terms") which are described below under the heading "Use of Custodians and Storage of TAO Tokens." In addition, we have entered into a non-custodial Staking & Delegation Technology Services Agreement with Yuma Validator, LLC (t…” |
BTGO company outlook (results filed Aug 12, 2026)
- “During the quarter, we sharpened our investment priorities and took actions expected to generate approximately $15 million of annualized cash savings.”
Quoted word-for-word from the SEC 8-K results press release.
BTGO analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.04 | $-0.02 | −$0.02 | $4.37B | 2 |
| Next quarter (ends Dec 2026) | $-0.01 | $0.02 | −$0.03 | $4.73B | 2 |
| Current fiscal year (ends Dec 2026) | $-0.07 | $0.02 | −$0.09 | $17.07B | 1 |
| Next fiscal year (ends Dec 2027) | $0.21 | $0.31 | -31.8% | $21.36B | 3 |
Key Statistics (as of October 29, 2026 at 07:21 UTC)
| Price | USD 5.8 |
|---|---|
| Change | ▲ 2.65% (up) |
| Previous Close | USD 5.65 |
| Open | USD 5.63 |
| Day Range | USD 5.45 – 5.8 |
| 52-Week Range | USD 4.65 – 24.5 |
| Volume | 587,277 shares |
| Market Cap | $681.76M |
| Exchange | NYQ |
Technical Analysis (BTGO)
Nexqual's technical model rates BTGO "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 29, 2026 at 07:21 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 39.35 (neutral) |
| vs SMA50 | Below (USD 6.96) |
| MACD | -0.41 (negative) |
Analyst Ratings (BTGO)
Wall Street analysts rate BTGO "Buy" based on 12 analysts, with a mean price target of USD 10.38 (range USD 7.5–15), per Nexqual as of October 29, 2026 at 07:21 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 12 |
| Mean Target | USD 10.38 |
| High Target | USD 15 |
| Low Target | USD 7.5 |
| Buy / Hold / Sell | 10 / 2 / 0 |
Earnings (BTGO)
| Next Earnings Date | 2026-11-09 |
|---|---|
| EPS Estimate | USD -0.04 |
| Revenue Estimate | $4.37B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.03 vs est -0.07 ▲ beat |
| 2026-03-31 | USD -0.13 vs est -0.1 ▼ miss |
| 2025-12-31 | USD 0.07 vs est -0.42 ▲ beat |
Source: Nexqual, October 29, 2026 at 07:21 UTC.
Financials & Fundamentals (BTGO)
| Total Revenue | $20.07B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +79.60% |
| Gross Margin | +1.03% |
| Operating Margin | -0.24% |
| Profit Margin | -0.53% |
| ROE | -27.94% |
| Debt / Equity | 1.05 |
| Current Ratio | 1.07 |
| Total Cash | $158.96M |
| Total Debt | $444.98M |
Source: Nexqual, October 29, 2026 at 07:21 UTC.
Financial Health Score (BTGO)
Nexqual rates BitGo Holdings, Inc.'s overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 07:21 UTC.
| Growth | Strong — Revenue +80% YoY (latest Q) |
|---|---|
| Profitability | Critical — Net margin -1% (last 12 months); banks have no gross margin |
| Balance Sheet | N/A — Not comparable for banks: deposits and customer funds sit on the balance sheet, so cash vs debt does not measure safety (SEC industry: Finance Services) |
| Cash Flow | N/A — Not meaningful for banks and lenders: lending and trading move operating cash flow by billions each year (SEC industry: Finance Services) |
| Efficiency | Critical — ROE -16%, ROA -1.1% (last 4 quarters, SEC) |
Ownership (BTGO)
| Insider Ownership | +14.47% |
|---|---|
| Institutional Ownership | +44.34% |
| Shares Outstanding | 108.69M |
| Float | 62.78M |
| Short % of Float | +5.06% |
Source: Nexqual, October 29, 2026 at 07:21 UTC.
Leadership (BTGO)
BitGo Holdings, Inc. is led by Michael A. Belshe, Co-Founder, President, CTO, CEO & Director, per Nexqual as of October 29, 2026 at 07:21 UTC.
| Co-Founder, President, CTO, CEO & Director | Michael A. Belshe |
|---|
Major Backers & Investors (BTGO)
Notable institutional backers of BitGo Holdings, Inc. include Valor Management LLC, Redpoint Management, Llc, CRCM LP, according to Nexqual as of October 29, 2026 at 07:21 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Valor Management LLC | 11.54% |
| Redpoint Management, Llc | 9.89% |
| CRCM LP | 2.41% |
| DRW Securities, LLC | 1.9% |
| Tidal Investments LLC | 1.83% |
| Amplify ETF Trust-Amplify Blockchain Technology ETF | 1.83% |
| Jump Financial, LLC | 1.44% |
| Vy Capital Management Co. Ltd. | 1.23% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| State Street | 0.93% |
Source: Nexqual, October 29, 2026 at 07:21 UTC.
From BitGo Holdings, Inc.'s Latest SEC 10-K Filing (filed 2026-03-27)
Key Strengths & Strategy (as disclosed to the SEC)
- For the year ended December 31, 2025, we had approximately $15.6 billion of digital assets sales revenue, which is derived from the total trading volume of digital asset sales on our platform, representing a 512.6% increase from the year ended December 31, 2024.
- Our qualified custody solutions are integrated with our other offerings, including our liquidity and prime solutions and our Go Network, which provides our clients with near-instantaneous settlement infrastructure to support their custody and trading activities. •Liquidity and Prime Solutions: The third layer of our technology platform focuses on providing a robust suite of liquidity-focused solutions for flexible and ongoing asset management.
- To establish and protect our rights in our proprietary technology, we rely on and comply with a combination of patent, copyright, trademark, and trade secret laws, in the United States and other jurisdictions.
- Our proprietary technology consists of multi-sig wallets, which require multiple private keys to authorize a transaction, and a threshold signature scheme, an advanced cryptographic protocol that enhances the security of digital asset transactions.
Partnerships
- Digital assets that are pledged as collateral are custodied within segregated accounts on our platform and are subject to daily monitoring and margin requirements in accordance with the applicable loan or collateral management agreement.
Legal & Regulatory Risks (Item 1A, quoted)
- Regulatory uncertainty regarding our self-custody wallets could result in reclassification as a financial service, imposing new compliance burdens.
- Regulatory changes or actions by the U.S. Congress or any U.S. federal or state agencies may affect our business or restrict the use of one or more digital assets or the operations of our digital asset trading and custody platforms in a manner that adversely affects our business.
- The recently enacted Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 (the "GENIUS Act") creates a new federal regulatory framework for stablecoins in the United States, and its implementation could materially impact our stablecoin-related business, operations, and compliance obligations.
- Regulatory changes or actions in foreign jurisdictions may restrict the use of one or more digital assets, staking activity, supported blockchain networks or the digital asset trading platform market in a manner that adversely affects our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| MIAX | Miami International Holdings, I | USD 31.98 | ▼ 1.69% |
| LAZ | Lazard, Inc. | USD 38.47 | ▲ 0.79% |
| MC | Moelis & Company | USD 58.3 | ▲ 4.33% |
| PIPR | Piper Sandler Companies | USD 66.96 | ▲ 2.54% |
| VIRT | Virtu Financial, Inc. | USD 55.44 | ▲ 0.82% |
| FIGR | Figure Technology Solutions, In | USD 23.33 | ▲ 2.15% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 07:21 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt