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BitGo Holdings reported $3.77 billion in first-quarter revenue, a 112.6% increase from the previous year. The company’s net loss widened to $60.7 million due to Bitcoin treasury marks and IPO compensation. BitGo entered public markets, with digital asset sales being the main revenue driver. Stablecoin and custody demand grew, leading to new revenue streams from stablecoins and derivatives. CEO Mike Belshe highlighted strong business performance.
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