BTGO DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds BitGo Holdings (BTGO) Investors of Securities Class Action Deadline on August 7, 2026
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In BitGo To Contact Him Directly To Discuss Their Options
NEW YORK CITY, NY / ACCESS Newswire / June 9, 2026 / If you purchased or acquired securities in BitGo between (a) BitGo Class A common stock pursuant and/or traceable to the Offering Documents (defined below) issued in connection with the Company's January 22, 2026 initial public offering (the "IPO" or "Offering"); and/or (b) BitGo securities between January 22, 2026 and May 13, 2026, both dates inclusive (the "Class Period") and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against BitGo Holdings, Inc. ("BitGo" or the "Company") (NASDAQ:BTGO) and reminds investors of the August 7, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose 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, the Offering Documents and Defendants' public statements throughout the Class Period were materially false and/or misleading and/or failed to state information required to be stated therein.
On January 22, 2026, BitGo conducted the IPO, selling 11,821,595 million shares of its Class A common stock to the public at the initial offering price of $18.00 per share for proceeds of over $187.58 million to the Company, before expenses, and after applicable underwriting discounts and commissions.
On March 26, 2026, BitGo issued a press release announcing its fourth quarter and full year 2025 financial results. Among other items, BitGo reported a net loss of $14.8 million for 2025, compared to $156.6 million in net income for 2024, a quarterly margin of 0.21% in its Digital Asset Sales segment, compared to a quarterly margin of 0.47% in the prior year, and declined to offer specific revenue guidance for the first quarter of 2026. BitGo stated that the change in its annual net loss was "materially driven by declines in digital asset prices impacting the Company's Bitcoin treasury." Defendants also declined to provide explicit guidance for the first fiscal quarter of 2026, even though the quarter would end just five days later. Instead, Defendants merely provided general commentary to the effect that BitGo's revenue streams faced "a direct impact" from a "challenging" macroeconomic environment.
On this news, BitGo's stock price fell $1.43 per share, or 15.71%, to close at $7.67 per share on March 27, 2026.
Then, on May 13, 2026, BitGo issued a press release announcing its business and financial results for the first fiscal quarter of 2026. Among other items, BitGo reported a net loss of $60.7 million, compared to a net loss of $25.7 million in the same quarter one year earlier. BitGo stated that its quarterly net loss "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 per share, or 17.2%, to close at $9.86 on May 14, 2026.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding BitGo's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the BitGo class action, go to www.faruqilaw.com/BTGO or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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SOURCE: Faruqi & Faruqi, LLP