BitGo Reports Q1 Revenue of $3.8 Billion, Up 112.6% Year-Over-Year

According to BitGo's official statement on May 14, the digital asset infrastructure company reported first quarter revenue of $3.8 billion, up 112.6% year-over-year, though the company posted a net loss of $60.7 million. The prior year quarter resulted in a net loss of $25.7 million.

As of March 31, BitGo held $186.6 million in cash and equivalents, along with a digital asset treasury containing 2,449 bitcoins valued at approximately $167.1 million.