BITGO HOLDINGS, INC.
For the period ended Mar 26, 2026. Filed Mar 26, 2026.
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Mar 26, 2026 · Filed Mar 26, 2026
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BTGO$4.86+2.1%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (in thousands, except per share data)
(in thousands, except per share data)
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (audited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $106,275 | $87,424 |
| Cash and cash equivalents segregated for the benefit of stablecoin holders - restricted | 3,313,527 | — |
| Accounts receivables, net of allowance for credit losses | 15,774 | 21,846 |
| Loan receivables | 176,655 | 87,488 |
| Digital intangible assets loan receivables, at fair value | 30,774 | 9,343 |
| Digital intangible assets, at fair value | 344,439 | 249,475 |
| Digital intangible assets collateral, at fair value | 260,358 | 188,961 |
| Deferred tax assets | 7,130 | 2,801 |
| Other current assets | 272,270 | 25,336 |
| Total current assets | 4,527,202 | 672,674 |
| Equipment and software, net | 13,180 | 2,244 |
| Operating lease right-of-use assets | 6,346 | 4,092 |
| Intangible assets, net | 1,226 | 3,721 |
| Other non-current assets | 713 | 546 |
| Total assets | $4,548,667 | $683,277 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $9,955 | $4,500 |
| Deferred revenue, current | 4,710 | 4,696 |
| Deposits from stablecoin holders | 3,313,527 | — |
| Borrowings | 118,848 | 30,000 |
| Borrowings of digital intangible assets, at fair value | 233,687 | — |
| Obligations to return collateral, at fair value | 400,132 | 227,676 |
| Deferred tax liability, current | 7,674 | 18,741 |
| Operating lease liabilities, current | 2,483 | 1,442 |
| Other current liabilities | 135,125 | 64,432 |
| Total current liabilities | 4,226,141 | 351,487 |
| Operating lease liabilities, non-current | 3,978 | 2,919 |
| Total liabilities | 4,230,119 | 354,406 |
| Commitments and contingencies | — | — |
| Stockholders’ equity: | — | — |
| Common stock A, $0.0001 par value - 139,950,076 shares authorized as of December 31, 2025 and 2024; 33,822,318 and 32,419,520 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 3 | 3 |
| Common stock B, $0.0001 par value - 140,000,000 and nil shares authorized as of December 31, 2025 and 2024, respectively; 8,855,382 and nil shares issued and outstanding as of December 31, 2025 and 2024, respectively | 1 | — |
| Common stock F, $0.0001 par value - 18,507,269 shares authorized as of December 31, 2025 and 2024; nil and 7,600,717 shares issued and outstanding as of December 31, 2025 and 2024,respectively | — | 1 |
|---|---|---|
| Series C-2 convertible preferred stock, $0.0001 par value - 2,669,743 shares authorized as of December 31, 2025 and 2024; 2,614,528 shares issued and outstanding as of December 31, 2025 and 2024 (liquidation preference of $41,952) | 41,963 | 41,963 |
| Series C-1 convertible preferred stock, $0.0001 par value - 93,482 shares authorized, issued, and outstanding as of December 31, 2025 and 2024 (liquidation preference of $1,500) | 1,486 | 1,486 |
| Series C convertible preferred stock, $0.0001 par value - 12,464,321 shares authorized as of December 31, 2025 and 2024; 5,383,136 shares issued and outstanding as of December 31, 2025 and 2024 (liquidation preference of $86,285) | 86,285 | 86,285 |
| Series B-3 convertible preferred stock, $0.0001 par value - 7,000,000 shares authorized as of December 31, 2025 and 2024; 5,972,572 and 5,976,760 shares issued and outstanding as of December 31, 2025 and 2024 (liquidation preference of $23,907) | 14,651 | 14,661 |
| Series B-2 convertible preferred stock, $0.0001 par value - 1,896,757 shares authorized, issued, and outstanding as of December 31, 2025 and 2024 (liquidation preference of $3,500) | 2,963 | 2,963 |
| Series B-1 convertible preferred stock, $0.0001 par value - 4,235,374 shares authorized, issued, and outstanding as of December 31, 2025 and 2024 (liquidation preference of $15,000) | 14,959 | 14,959 |
| Series B convertible preferred stock, $0.0001 par value - 16,820,400 shares authorized as of December 31, 2025 and 2024; 16,820,350 shares issued and outstanding as of December 31, 2025 and 2024 (liquidation preference of $45,899) | 42,310 | 42,310 |
| Series A convertible preferred stock, $0.0001 par value - 21,005,676 shares authorized, issued, and outstanding as of December 31, 2025 and 2024 (liquidation preference of $13,465) | 11,913 | 11,913 |
| Series Seed preferred convertible stock, $0.0001 par value - 2,780,080 shares authorized as of December 31, 2025 and 2024; 2,756,913 and 2,780,080 shares issued and outstanding as of December 31, 2025 and 2024, respectively (liquidation preference of $2,459) | 5,950 | 6,000 |
| Minority interest | 1,953 | 2,429 |
| Additional paid-in capital | 32,006 | 27,011 |
| Retained earnings | 62,105 | 76,887 |
| Total stockholders’ equity | 318,548 | 328,871 |
| Total liabilities and stockholders’ equity | $4,548,667 | $683,277 |
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