{"id":21920,"date":"2026-06-16T21:06:00","date_gmt":"2026-06-16T19:06:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=829d915a5ece7276fff162e18ceb4581"},"modified":"2026-06-16T21:06:00","modified_gmt":"2026-06-16T19:06:00","slug":"law-offices-of-frank-r-cruz-encourages-bitgo-holdings-inc-btgo-shareholders-to-inquire-about-securities-fraud-class-action","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=21920","title":{"rendered":"Law Offices of Frank R. Cruz Encourages BitGo Holdings, Inc. (BTGO) Shareholders To Inquire About Securities Fraud Class Action"},"content":{"rendered":"

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz<\/a> announces that a class action lawsuit has been filed on behalf of shareholders who purchased or otherwise acquired BitGo Holdings, Inc. (\u201cBitGo\u201d or the \u201cCompany\u201d) (NYSE: BTGO<\/a>) investors who purchased or otherwise acquired: (a) Class A common stock pursuant and\/or traceable to the Company\u2019s January 2025 initial public offering (the \u201cIPO\u201d); and\/or (b) securities between January 22, 2026 and May 13, 2026<\/b>, inclusive (the \u201cClass Period\u201d). BitGo investors have until August 7, 2026 <\/b>to file a lead plaintiff motion.<\/p>

IF YOU SUFFERED A LOSS ON YOUR BITGO HOLDINGS, INC. (BTGO) INVESTMENTS, CLICK <\/b>HERE<\/b><\/a> TO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES FRAUD LAWSUIT.<\/b><\/p>

You can also contact the Law Offices of Frank R. Cruz to discuss your legal rights by email at info@frankcruzlaw.com<\/a>, by telephone at (310) 914-5007, or visit our website at www.frankcruzlaw.com<\/a>.<\/p><\/a><\/a>

What Happened?<\/b><\/p>

On January 22, 2026, BitGo conducted its IPO, selling 11,821,595 shares of Class A common stock at $18.00 per share.<\/p>

On March 26, 2026, BitGo released its fourth quarter and full year 2025 financial results, reporting a net loss of $14.8 million for 2025, compared to $156.6 million in net income for 2024 and a quarterly margin of 0.21% in its Digital Asset Sales segment, compared to a quarterly margin of 0.47% in the prior year citing \u201cdeclines in digital asset prices impacting the Company\u2019s Bitcoin treasury<\/b><\/i>.\u201d The Company also declined to provide guidance for the first quarter of 2026, instead stating that revenue streams faced \u201ca direct impact\u201d from a \u201cchallenging\u201d macroeconomic environment.<\/p>

On this news, BitGo\u2019s stock price fell $1.43, or 15.7%, to close at $7.67 per share on March 27, 2026, thereby injuring investors.<\/p>

Then, on May 13, 2026, BitGo released its first quarter 2026 financial results, reporting a net loss of $60.7 million, compared to a net loss of $25.7 million in the same quarter one year earlier, stating that the poor results \u201creflect[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<\/b><\/i>.\u201d<\/p>

On this news, BitGo\u2019s stock price fell $2.05, or 17.2%, to close at $9.86 per share on May 14, 2026, thereby injuring investors further.<\/p>

What Is The Lawsuit About?<\/b><\/p>

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Defendants understated the scope and severity of the risk that declining digital asset prices posed to Company\u2019s business and financial performance; (2) consequently, Defendants\u2019 statements regarding, inter alia, BitGo\u2019s financial performance and business prospects as a public company lacked a reasonable basis; and (3) as a result, Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis at all relevant times.<\/p>

Contact Us To Participate or Learn More:<\/b><\/p>

If you purchased BitGo securities, wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please click HERE<\/a> or contact us at:<\/p>

Law Offices of Frank R. Cruz2121 Avenue of the Stars, Suite 800Telephone: 310-914-5007Email: info@frankcruzlaw.com<\/a>Visit our website at: www.frankcruzlaw.com<\/a><\/p>

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p> Contacts<\/b>

Contacts<\/b>Law Offices of Frank R. Cruz2121 Avenue of the Stars, Suite 800Telephone: 310-914-5007Email: info@frankcruzlaw.com<\/a>Visit our website at: www.frankcruzlaw.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of shareholders who purchased or otherwise acquired BitGo Holdings, Inc. (\u201cBitGo\u201d or the \u201cCompany\u201d) (NYSE: BTGO) investors who…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21920","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/21920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21920"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/21920\/revisions"}],"predecessor-version":[{"id":21921,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/21920\/revisions\/21921"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}