Law Offices of Howard G. Smith reminds investors of the upcoming August 7, 2026 deadline to file a lead plaintiff motion in the case filed on behalf of BitGo Holdings, Inc. (“BitGo” or the “Company”) (NYSE: BTGO) investors who purchased or otherwise acquired: (a) Class A common stock pursuant and/or traceable to the Company’s January 2026 initial public offering (the “IPO”); and/or (b) securities between January 22, 2025 and May 13, 2026, inclusive (the “Class Period”).
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN BITGO HOLDINGS, INC. (BTGO), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On January 22, 2026, BitGo conducted its IPO, selling 11,821,595 shares of Class A common stock at $18.00 per share.
On March 26, 2026, BitGo released its fourth quarter and full year 2025 financial results, reporting a net loss of $14.8 million for 2025, compared to $156.6 million in net income for 2024 and a quarterly margin of 0.21% in its Digital Asset Sales segment, compared to a quarterly margin of 0.47% in the prior year citing “declines in digital asset prices impacting the Company’s Bitcoin treasury.” The Company also declined to provide guidance for the first quarter of 2026, instead stating that revenue streams faced “a direct impact” from a “challenging” macroeconomic environment.
On this news, BitGo’s stock price fell $1.43, or 15.7%, to close at $7.67 per share on March 27, 2026, thereby injuring investors.
Then, on May 13, 2026, BitGo released its first quarter 2026 financial results, reporting a net loss of $60.7 million, compared to a net loss of $25.7 million in the same quarter one year earlier, stating that the poor results “reflect[ed] weaker market conditions, approximately $3.0 million of one-time legal and professional costs associated with the IPO and other strategic initiatives, and continued investment in product, platform, and go-to-market capabilities.”
On this news, BitGo’s stock price fell $2.05, or 17.2%, to close at $9.86 per share on May 14, 2026, thereby injuring investors further.
What Is The Lawsuit About?
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Defendants understated the scope and severity of the risk that declining digital asset prices posed to Company’s business and financial performance; (2) consequently, Defendants’ statements regarding, inter alia, BitGo’s financial performance and business prospects as a public company lacked a reasonable basis; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
If you purchased or otherwise acquired BitGo securities during the Class Period, you may move the Court no later than August 7, 2026 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements.
Contact Us To Participate or Learn More:
If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com,
Visit our website at: www.howardsmithlaw.com.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260616686122/en/
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