SAN DIEGO, May  14, 2026  (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating whether BitGo Holdings, Inc. (NYSE:BTGO) or certain of its executive officers violated state or federal securities laws. The

BTGO

BitGo Holdings, Inc. Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses

BitGo Faces Securities Investigation Amid Significant Revenue Declines

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>SAN DIEGO, May  14, 2026  (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating whether BitGo Holdings, Inc. (NYSE:BTGO) or certain of its executive officers violated state or federal securities laws. The</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>BitGo is under investigation by Johnson Fistel for potential securities law violations due to disappointing Q1 results, including a 38.7% revenue decline. This scrutiny could result in financial repercussions and further stock price declines if compliance issues are confirmed.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Johnson Fistel is investigating BitGo for possible securities law violations.</li><li>BitGo&#039;s Q1 revenue declined 38.7%, prompting concerns over compliance.</li><li>Assets on platform fell from $81.6 billion to $63.0 billion.</li><li>Adjusted EBITDA shifted from a profit to a loss of $1.7 million.</li><li>BitGo&#039;s stock price declined following the poor financial disclosures.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Johnson Fistel, PLLP (N/A)</strong>: Investigating BitGo could lead to legal scrutiny affecting the stock.</li><li><strong>BitGo Holdings, Inc. (BTGO)</strong>: Facing potential legal challenges and revenue declines.</li></ul>
  </section>

  <section data-block="category">
    <h3>Legal</h3>
    <p>This news fits the &#039;Legal&#039; category as it pertains to investigations over regulatory compliance, which may influence investor confidence and stock performance.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Investigation by Johnson Fistel could lead to stock selling pressure.</li><li>Continued revenue declines may signal ongoing financial instability.</li><li>Legal repercussions could result in significant financial penalties for BitGo.</li><li>Market sentiment may worsen as investors react to investigation news.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>BitGo&#039;s total revenue fell 38.7% sequentially in Q1 2026.</li><li>Assets on platform dropped from $81.6 billion to $63.0 billion.</li><li>Q1 Adjusted EBITDA decreased to a loss of $1.7 million.</li><li>Derivatives trading volume reached approximately $3 billion in Q1 2026.</li><li>BitGo went public in January 2026 amid claims of strong monetization.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider BTGO as a bearish position in the short term due to legal uncertainties.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>SAN DIEGO, May  14, 2026  (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating whether BitGo Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BTGO">BTGO</a>) or certain of its executive officers violated state or federal securities laws. The investigation focuses on investors' losses and whether they may be recovered under the federal securities laws.</p>  <p><strong>What if I purchased BitGo securities?</strong><br></br>If you purchased BitGo securities and suffered losses on your investment, join our investigation now: <a href="https://www.globenewswire.com/Tracker?data=2gu2PON2KMa82ujXpUBM7Fvn4lfWm2n0hIZFN3GC8lSyzo6j3Yiv_P7XZ6UJM18h17CEIcNabTQSyRVX7-fqAeSMFbPmfWc6EuzED9XDb-ZdHXmgMoADbp8lf-HFK0BPPTDNBBsn6tU8sKitsL2YSYjNmVBY1O92WVtxw92GQ1o=" rel="nofollow" target="_blank">Click Here to Join the Investigation</a>.</p>  <p>Or for more information, contact Jim Baker at <a href="mailto:jimb@johnsonfistel.com">jimb@johnsonfistel.com</a> or (619) 814-4471.</p>  <p>There is no cost or obligation to you.</p>  <p><strong>Background of the Investigation</strong><br></br>BitGo completed its initial public offering in January 2026. In connection with the IPO, BitGo promoted itself as an institutional digital asset infrastructure company with scalable platform economics, durable monetization, recurring subscriptions-and-services revenues, and operating leverage.</p>  <p>On May 13, 2026, BitGo reported its first quarter 2026 financial results. Among other things, BitGo disclosed that total revenue declined 38.7% sequentially, digital asset sales revenue declined 39.3% sequentially, Assets on Platform declined from $81.6 billion to $63.0 billion, and Assets Staked declined from $15.6 billion to $11.8 billion. BitGo also disclosed that Adjusted EBITDA declined from positive $12.1 million in the fourth quarter of 2025 to a loss of $1.7 million in the first quarter of 2026.</p>  <p>BitGo further disclosed that it launched a derivatives offering during the quarter, generating approximately $3 billion in notional trading volume, and that "a portion of client activity shifted from spot trading to derivatives products." The Company stated that, "[b]ecause derivatives revenue is recognized on a net basis, while spot trading revenue is recognized on a gross basis, reported revenue comparisons to prior periods are not directly comparable."</p>  <p>Additionally, BitGo reported that subscriptions-and-services revenue declined 34.8% sequentially, primarily due to "a lower level of one-time ecosystem projects completed during the quarter," and acknowledged that "ecosystem project revenue is not recurring in nature."</p>  <p>Following this news, BitGo's stock price declined in trading on May 14, 2026.</p>  <p>In light of these disclosures, Johnson Fistel is investigating whether BitGo Holdings, Inc. complied with state and federal laws, including the federal securities laws.</p>  <p><strong>About Johnson Fistel, PLLP &#x7C; Securities Fraud &amp; Investor Rights</strong><br></br>Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder class actions and derivative lawsuits. Johnson Fistel has been named a Top 10 Plaintiff Law Firm by ISS Securities Class Action Services. In 2024, the firm recovered approximately $90,725,000 for aggrieved investors.</p>  <p>Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices.</p>  <p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. Frank J. Johnson is the attorney responsible for this communication.</p>  <p><strong>Contact:</strong><br></br>Johnson Fistel, PLLP<br></br>501 W. Broadway, Suite 800<br></br>San Diego, CA 92101<br></br>James Baker, Investor Relations<br></br>jimb@johnsonfistel.com</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcyMDkxNiM3NjA0NzkzIzIxODE3ODk="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ZWE2ZTYzNWItOGFjNS00ZWU4LTllNzAtMDIzM2QwZjA5M2ZmLTExOTMzNTgtMjAyNi0wNS0xNC1lbg==/tiny/Johnson-Fistel-PLLP.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/bb2e6cf6-9d53-4d2e-a5d2-759cdd3b516c"><img src="https://ml.globenewswire.com/media/bb2e6cf6-9d53-4d2e-a5d2-759cdd3b516c/small/johnson-fistel-jpg.jpg" border="0" width="150" height="150" alt="Primary Logo"></img></a></p>

BitGo is under investigation by Johnson Fistel for potential securities law violations due to disappointing Q1 results, including a 38.7% revenue decline. This scrutiny could result in financial repercussions and further stock price declines if compliance issues are confirmed.

BitGo Holdings, Inc. Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses

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Trading Thesis

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