BitGo Holdings reported revenue of $2.85 billion in the third quarter of 2026, down 50.9% year over year and 34.1% quarter over quarter, primarily because of lower digital asset sales activity. Net income increased 94.4% to $44.1 million, driven by a $71.5 million unrealized gain on digital assets held in the company’s treasury. Adjusted EBITDA was negative at $4.3 million, while the margin on digital asset sales amounted to only $4.2 million. The client base grew 33.1% to 6,640, and stablecoin-as-a-service revenue rose 52.5% to $37.4 million. Assets held on the platform declined 42.4% to $59.9 billion because of lower digital asset prices.
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