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Deep Tide TechFlow News, June 17 — Digital asset infrastructure provider BitGo (BTGO) announced the launch of a share repurchase program with a maximum of $50 million, approximately 8% of the circulating shares, which has taken effect immediately. Following this news, the company's stock price surged by 20% on Wednesday.
However, BitGo's stock price is still about 65% below its IPO price in January. Amid a weakening crypto market and a shift in investor focus toward the artificial intelligence sector, digital asset-related stocks are generally under pressure.