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Wu says that the cryptocurrency custody platform BitGo (BTGO) released its Q1 2026 performance.
Total revenue for Q1 was approximately $3.77B, a year-over-year increase of 112.6%, but a decrease of 38.7% quarter-over-quarter;
net loss widened to $60.7 million, compared to a net loss of $25.7 million in the same period last year.
Q1 customer numbers increased by 42% year-over-year, standardized platform assets grew by 29.4% year-over-year, and standardized staking balances increased by 27.2% quarter-over-quarter.
As of March 31, BitGo held $186.6 million in cash and equivalents, and held 2,449 BTC, with a fair value of approximately $167.1 million.