Is BITGO HOLDINGS, INC. (BTGO) a buy?

This call stands until the filings change it — the engine re-rates on new 10-K/10-Q/8-K facts, never on price moves. Hit Watch above to follow BTGO (Pro alerts fire the moment a rating flips), or catch every change in Saturday’s Flip Side. How to read a call

BITGO HOLDINGS, INC. shows limited reported revenue.

On these fundamentals, BTGO screens as SELL on the SEC figures.

Is BTGO a buy? The one-page verdict, explained →

The options angle

model · matches our verdict

Bear put spread~60d expiry

Long put 5 @ ~0.73 est
Short put 4.5 @ ~0.48 est

debit $25max +$25max −$25BE 4.75

SELL verdict, defined risk: profits into weakness down to the short strike; max loss is the net debit.

Open in the calculator →

Browse all model plays →

Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.

Key statistics

Valuation

Enterprise value$594M

EV / EBITDA—

EV / Sales—

EV / FCF—

P / FCF—

PEG (trailing)—

Earnings yield—

FCF yield—

Quality & risk

ROIC (est.)—

Free cash flow—

Total debt—

Net cash—

Capital returns

Buyback yield—

Dividend yield (est.)—

Shareholder yield—

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timelineSEC · 8-Ks + reports

Some governance/structural items recently, but no outright red flags.

Recent filings

all on EDGAR ↗

4Period ending 2026-04-062026-07-10open ↗4Period ending 2026-04-062026-07-10open ↗8-KPeriod ending 2026-06-252026-06-25open ↗8-KPeriod ending 2026-06-182026-06-22open ↗8-KPeriod ending 2026-06-172026-06-17open ↗4Period ending 2026-05-222026-06-12open ↗4Period ending 2026-05-222026-06-12open ↗SCHEDULE 13GFiling2026-06-05open ↗4Period ending 2026-03-302026-05-29open ↗SCHEDULE 13GFiling2026-05-15open ↗10-QPeriod ending 2026-03-312026-05-14open ↗8-KPeriod ending 2026-05-132026-05-13open ↗

Frequently asked

Is BITGO HOLDINGS, INC. (BTGO) a buy?: BTGO currently carries a Sell rating with 2/5 conviction, derived from its latest SEC filings. Mixed signals in the latest filings.

New filings change verdicts

The daily Brief delivers our freshest calls, rating flips and the filings behind them — every morning, free.

Sources: SEC EDGAR (CIK 0001740604, latest 10-Q filed 2026-05-14) · EODHD · as of 7/12/2026, 3:34:10 PM.

About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice

Rule-based analysis, generated automatically from SEC filing data.

Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 12, 2026, 11:34 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

BTGOBITGO HOLDINGS, INC.

Next earnings ≈ Aug 13, 2026 · est. from filing cadence

Last earnings +0.2% on 2026-05-13

Sell

$5.13

▼ -2.10%

SellMixed signals in the latest filings.Full call ↓

$5.13▼ -71.50%

over 1Y

L $4.71H $18.49

Our buy Our hold Our sell Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand

Today

-2.1%

-2.7%

+0.2%

-39.9%

YTD

-71.5%

Sell

Conviction

Horizon

Medium (3–12mo)

Street · 19 analysts

Buy

Smart money○○○

Mixed signals in the latest filings.

BITGO HOLDINGS, INC. shows limited reported revenue.

On these fundamentals, BTGO screens as SELL on the SEC figures.

Is BTGO a buy? The one-page verdict, explained →

The options angle

model · matches our verdict

Bear put spread~60d expiry

Long put 5 @ ~0.73 est
Short put 4.5 @ ~0.48 est

debit $25max +$25max −$25BE 4.75

SELL verdict, defined risk: profits into weakness down to the short strike; max loss is the net debit.

Open in the calculator →

Browse all model plays →

Key statistics

Valuation

Enterprise value$594M

EV / EBITDA—

EV / Sales—

EV / FCF—

P / FCF—

PEG (trailing)—

Earnings yield—

FCF yield—

Quality & risk

ROIC (est.)—

Free cash flow—

Total debt—

Net cash—

Capital returns

Buyback yield—

Dividend yield (est.)—

Shareholder yield—

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Smart moneyinsiders · Congress · funds

○○○

Disclosed smart-money activity in BTGO, but no clear buy consensus.

Corporate insiders

0 open-market buys · 4 sales · last 90 days

Not held by tracked funds

13F · quarterly

Different disclosure clocks — Form 4s file within days, Congress PTRs lag up to ~45 days, and 13F holdings are a quarterly snapshot (up to ~4.5 months old). A disclosed-accumulation view, not live correlation.

Insider activityForm 4 · SEC

all insiders →

Last 90 days: 0 open-market buys · 4 sales

2026-07-08	Reginelli Edward CFO	Selldiscretionary	94.00 @ $4.97	$467.53
2026-07-08	Mettler Jody Chief Operating Officer	Selldiscretionary	66.00 @ $4.97	$328.26
2026-06-11	Reginelli Edward CFO	Selldiscretionary	91.00 @ $5.12	$465.82
2026-06-11	Mettler Jody Chief Operating Officer	Selldiscretionary	79.00 @ $5.12	$404.39
2026-05-22	Belshe Michael CEO, President, CTO	Tax	21.2K @ $6.93	$147K
2026-05-06	Reginelli Edward CFO	Tax	88.00 @ $11.87	$1.04K
2026-05-06	Mettler Jody Chief Operating Officer	Tax	74.00 @ $11.87	$878.38
2026-04-06	Reginelli Edward CFO	Tax	175.00 @ $8.41	$1.47K
2026-04-06	Mettler Jody Chief Operating Officer	Tax	144.00 @ $8.41	$1.21K
2026-03-30	Fang Chen Chief Revenue Officer	Award	2.00K
2026-03-30	Mettler Jody Chief Operating Officer	Award	8.00K
2026-03-30	Mettler Jody Chief Operating Officer	Award	5.83K

ETF ownershipForm N-PORT · SEC · quarterly

VXFVanguard Extended Market ETF	0.00%	$1.09M
VTIVanguard Total Stock Market ETF	0.00%	$267K

Which ETFs hold BTGO? Every fund and its weight →

Weight = the ETF’s percent of assets in BTGO, as of each fund’s latest public N-PORT (period end 2026-03-31) — a delayed, roughly quarterly snapshot filed ~2 months after the period, not a live position.

Ownership stakes

SEC · 13D / 13G

2026-06-05Passive 13G11.7%Valor Digital Investments, LLCFiling ↗

2026-05-15Passive 13G9.8%Redpoint Ventures V, L.P.Filing ↗

Schedule 13D/13G filings disclosing a >5% stake in the company. A 13D declares intent to engage — read the filing; a 13G is a passive holding. Percent is the percent-of-class stated on the cover page. Source: SEC EDGAR (public domain).

Fails-to-deliver

SEC · settled 2026-06-12

42.4Kshares failed to deliver2.4× median

BTGO fails-to-deliver history — every published settlement day →

Aggregate CNS settlement fails on the latest published day, vs this name’s trailing median. From SEC fails-to-deliver data (published twice monthly) — a settlement metric, not short interest.

Filing red flags

SEC · 8-K / 10-K / 10-Q

2026-04-06Auditor change8-KFiling ↗

Auditor changes (8-K Item 4.01) and restatements (Item 4.02) are verified against the filing’s tagged items; going-concern flags key on the “substantial doubt” disclosure phrase in a 10-K/10-Q — review the filing itself. Source: SEC EDGAR (public domain).

Disclosure timelineSEC · 8-Ks + reports

Some governance/structural items recently, but no outright red flags.

Earnings history

beat/miss · move

2026-05-13Miss -340.3% est▲ +0.17%8-K ↗

2026-03-26Beat +24.8% est▼ -8.17%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Recent news

market news →

New Hampshire council rejects bitcoin-backed municipal bondBullish

seekingalpha.com· 2026-07-10

21shares élargit l’accès de trois ETP crypto aux investisseurs particuliers français avec BitGo Europe GmbH en tant que dépositaire conforme à la directive MiCABullish

globenewswire.com· 2026-07-10

ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages BitGo Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – BTGOBullish

globenewswire.com· 2026-07-08

Pomerantz Law Firm Announces the Filing of a Class Action Against BitGo Holdings, Inc. and Certain Officers – BTGOBullish

globenewswire.com· 2026-07-07

Lead Plaintiff Deadlines in Shareholder Class Action Lawsuits Against BitGo Holdings, Inc. (BTGO), Erasca, Inc. (ERAS), and First Solar, Inc. (FSLR) Announced by Holzer & Holzer, LLCBearish

globenewswire.com· 2026-07-07

SHAREHOLDER ALERT Bernstein Liebhard LLP Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against BitGo Holdings, Inc. (BTGO)Bullish

globenewswire.com· 2026-07-07

Recent filings

all on EDGAR ↗

Frequently asked

Is BITGO HOLDINGS, INC. (BTGO) a buy?: BTGO currently carries a Sell rating with 2/5 conviction, derived from its latest SEC filings. Mixed signals in the latest filings.

New filings change verdicts

The daily Brief delivers our freshest calls, rating flips and the filings behind them — every morning, free.

Sources: SEC EDGAR (CIK 0001740604, latest 10-Q filed 2026-05-14) · EODHD · as of 7/12/2026, 3:34:10 PM.

About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice

Rule-based analysis, generated automatically from SEC filing data.

BTGOBITGO HOLDINGS, INC.

The options angle

Key statistics

Valuation

Quality & risk

Capital returns

Disclosure timelineSEC · 8-Ks + reports

Recent filings

Frequently asked

New filings change verdicts

BTGOBITGO HOLDINGS, INC.

The options angle

Key statistics

Valuation

Quality & risk

Capital returns

Smart moneyinsiders · Congress · funds

Insider activityForm 4 · SEC

ETF ownershipForm N-PORT · SEC · quarterly

Ownership stakes

Fails-to-deliver

Filing red flags

Disclosure timelineSEC · 8-Ks + reports

Earnings history

Recent news

Recent filings

Frequently asked

New filings change verdicts

Smart moneyinsiders · Congress · funds

Insider activityForm 4 · SEC

ETF ownershipForm N-PORT · SEC · quarterly

Ownership stakes

Fails-to-deliver

Filing red flags

Earnings history

Recent news

Vs tracked universe

News sentiment