BitGo Q2 Revenue Surges 80% to $4.3B but Posts Net Loss

BitGo Holdings reported a sharp increase in second-quarter revenue, driven by institutional demand for digital asset custody and stablecoin services, but the company posted a net loss due to market swings in its own cryptocurrency holdings. The results, disclosed on August 12, 2026, provide a rare public window into the scale of institutional activity within the regulated crypto sector.

The digital asset infrastructure company said its total revenue for the quarter ended June 30 reached $4.33 billion, a 79.6% increase from $2.41 billion in the same period of 2025. The growth was primarily fueled by digital asset sales, which generated $4.20 billion, and a 148% surge in revenue from its Stablecoin-as-a-Service business to $38.8 million. However, the company’s trading margin compressed to 17 basis points from 32 basis points in the first quarter, reflecting lower spreads on certain spot transactions and a smaller contribution from derivatives.

Despite the top-line growth, BitGo posted a net loss of $19 million, or $0.16 per share. This reversed a net profit of $38.3 million in the year-ago quarter. The loss was largely attributable to an $18.8 million unrealized loss on the...