Bitgo Revenue Jumps 80% to $4.3B as Stablecoin Demand Grows
Bitgo reported $4.3 billion in second-quarter revenue, up nearly 80% from a year earlier, as trading and stablecoin activity increased. The company still posted a $19 million net loss while cutting costs, expanding AI use and authorizing a $50 million share buyback. Bitgo Posts $19M Loss Despite $4.3B in Q2 Revenue Bitgo reported a sharp […]
Key Takeaways
- Bitgo reported $4.3 billion in second-quarter revenue, up nearly 80% from a year earlier, as trading and stablecoin activity increased.
- The company still posted a $19 million net loss while cutting costs, expanding AI use and authorizing a $50 million share buyback.
- Bitgo Posts $19M Loss Despite $4.3B in Q2 Revenue Bitgo reported a sharp […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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