BitGo Holdings Shares Gain on $50M Buyback Authorization

Dow Jones06-17

By Elias Schisgall

Shares of BitGo Holdings rose after the company said its board authorized a $50 million stock buyback program.

Shares were up 13% to $6.16 as of midday Wednesday. The stock has fallen 67% this year.

The digital asset infrastructure company said the authorization, which is effective immediately with no expiration date, represents around 8% of its outstanding shares. The board believes that BitGo's current stock price is lower than the businesses fundamental value, the company said.

"This authorization reflects the board's confidence in our business and long-term trajectory," Chief Financial Officer Ed Reginelli said. "We believe that repurchasing our shares represents an attractive use of capital at this time while allowing us to continue investing aggressively in our platform and clients."

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

June 17, 2026 11:39 ET (15:39 GMT)

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The stock has fallen 67% this year. \n</p>\n<p>\n  The digital asset infrastructure company said the authorization, which is effective immediately with no expiration date, represents around 8% of its outstanding shares. 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The stock has fallen 67% this year. \n\n\n  The digital asset infrastructure company said the authorization, which is effective immediately with no expiration date, represents around 8% of its outstanding shares. 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