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Equity · Financial services
BitGo Holdings, Inc. (BTGO) perpetual futures
BTGO perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade BTGOUSDT.
BitGo Holdings provides digital asset infrastructure, including qualified custody, self-custody, liquidity and prime brokerage, and infrastructure-as-a-service for institutional clients.
$4.44-16.3%NYSE closed
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venue perp mark · Gate.io (BTGO/USDT)
Auto: highest-volume live perp venueOpen in TradingView
Trading data
Perpetual market activity
1/1 live markets
Trading data
Perpetual market activity
Venues
1
Live markets
1/1
24h volume
$8.6K
Open interest
$501.5
Best liquidity
$953.5
Gate.io
Tightest spread
+78.5 bps
Gate.io
Highest volume
$8.6K
Gate.io
Settlement mix
USDT · 1/1
Perp/spot vol.
0.00x
Spot volume $11M
OI / float
0.00%
Float $278.6M
Spot performance
1D-16.27%
5D-11.59%
1M-41.75%
6M-67.08%
YTD-76.28%
1Y-76.28%
Venue matrix
1 markets
Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.
Tokenized wrappers of the real stock, tradable on-chain and on crypto exchanges around the clock. Premium/discount compares the token price to our stock reference price. Data: CoinMarketCap · Robinhood · DexScreener · GeckoTerminal.
| Product | Price | Premium vs stock | 24h Vol. | Market Cap | Chains |
|---|---|---|---|---|---|
| BTGOxxStocks | $4.81 | +8.38% | – | $30k | Solana · Ethereum · Ink · TON |
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kNo sufficient depth · 0 of 1 venues absorb $10k
Too thin: Gate.io
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
BTGOTightest spread
BTGOHighest volume
BTGOFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketNext catalyst
Catalysts
Next catalyst
Catalysts
Earnings
2027-03-25
Revenue est. $54.1M · Updated 31m ago
No unusual perp activity right now.
Reference data
Market context
Reference data
Market context
New York Stock Exchange
Extended-hours reference
Bid4.46
Ask4.49
Volume100
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-0.59$180.3M-99%3
FY 20270.08$238.8M-99%4
FY 20280.38$323.3M-98%5
FY 20290.68$409.9M-97%1
Q1 2027-0.02$51.9M-99%2
Q2 20270.01$56.4M-99%1
Company events
62027-04-01EarningsActual - / Estimate -0.05-
2027-03-25EarningsActual - / Estimate -0.01-
2026-11-09Earnings · After market closeActual 0.36 / Estimate -0.03Beat
2026-08-12EarningsActual -0.16 / Estimate -0.05Miss
2026-05-13EarningsActual -0.62 / Estimate -0.07Miss
2026-03-26EarningsActual -1.03 / Estimate -0.39Miss
Peer comparison
Similar listed perpsAnalysts
Price targetsConsensusBuy$10.3
Range$6.5$15
Ratings8-
Analyst rating history
RatingsDateStrong buyBuyHoldSellStrong sell
2026-11-01010200
2026-10-01010200
2026-09-01010200
2026-08-01010200
2026-07-01010200
2026-06-01010200
2026-05-01010200
2026-04-01010200
2026-03-01010200
2026-02-01010200
Ownership
Institutional · 2026-Q3Free float57.8%62.8M shares
Shares outstanding108.7M shares
Institutional8.8%23 investors
Investor count change-51
Reference market activity
BTGO-PERPDay range$4.14$4.87
52 week$4.14$24.5
Spot volume2.5M
Average volume-
Price performance
111D-16.3%
5D-11.6%
1M-41.7%
3M-13.9%
6M-67.1%
YTD-76.3%
1Y-76.3%
3Y-76.3%
5Y-76.3%
10Y-76.3%
MAX-76.3%
Insider activity
FY2026 Q3Acquisitions1 transactions200,000 shares
Dispositions12 transactions49,717 shares
Purchases0Ratio 0.08
Sales7
Insider transactions
25DateReporting persontransactionssharesPriceFilings
BitGo CRO Fang Chen reported disposing of 356 Class A shares at $4.86 via F-InKind tax withholding on Nov 6, leaving 1,255,992 shares owned.
Ali Vapra filed an initial Form 3 for BitGo Holdings (BTGO) on 2026-11-10. The single reported line shows 0 shares of common stock at $0.00, with no acquisition, disposition or change in beneficial ownership.
BitGo director and Chief Revenue Officer Fang Chen had 356 Class A common shares withheld on Oct 6, 2026 at $7.19 per share for tax obligations, leaving 1,256,348 shares owned.
BitGo COO Jody Mettler had 60 Class A shares withheld for taxes (code F) at $7.19 each on Oct 6, 2026, leaving 38,241 shares owned.
BitGo officer Charles D Thompson II disposed of 60 Class A shares for tax withholding (F) at $7.19, leaving 124,408 shares.
BitGo Holdings officer Charles D. Thompson II filed an initial Form 3 reporting holdings of 124,468 Class A common shares and stock options to buy shares at $5.07-$7.49 (146,095 and 20,000 options owned after). No open-market purchases or sales were reported.
BitGo Holdings officer Alexander Rozman filed an initial Form 3 reporting 133,800 Class A common shares and 50,000 stock options (right to buy) at $6.41, with no transactions reported.
BitGo COO Jody Mettler was awarded 200,000 stock options at $6.41 per share on Sept 16, 2026, an A-Award grant, bringing her holdings to 200,000.
BitGo Holdings CFO Edward Reginelli reported disposing of 88 Class A shares at $7.30 on 2026-09-06 to cover taxes (F-Tax), leaving 582,310 shares owned.
BitGo officer Jody Mettler (COO) disposed of 72 Class A shares at $7.30 on 2026-09-06 via F-InKind tax withholding, leaving 38,301 shares owned.
BitGo Holdings director and Chief Revenue Officer Fang Chen reported 220 Class A common shares withheld for taxes at $7.30 per share, leaving 1,256,704 shares owned.
BitGo COO Jody Mettler sold 97 Class A common shares on 2026-08-07 at $5.0154 each, leaving 38,373 shares owned.
BitGo Holdings CFO Edward Reginelli reported an open-market sale (S-Sale) of 91 Class A common shares at $5.0154 on 2026-08-07, leaving 582,398 shares owned after the transaction.
BitGo Holdings director and Chief Revenue Officer Fang Chen sold 234 Class A common shares on 2026-08-07 at $5.0154 per share (S-Sale), leaving 1,256,924 shares held.
BitGo director and CEO Michael Belshe sold 38,691 Class A common shares at $4.8887 each on July 24, 2026, leaving 798,464 shares owned after the sale.
BitGo CFO Edward Reginelli sold 9,021 Class A common shares on the open market at $4.8887 on July 24, 2026, holding 582,489 shares after the sale.
BitGo Holdings officer Horowitz Jeff Peter (Chief Compliance Officer) reported disposing of 1,043 cash-settled Phantom Stock Units via exempt option exercises at $0.00 across 2 transactions on 2026-07-22.
BitGo CFO Edward Reginelli reported disposing of 263 Class A shares for tax withholding (F-InKind) and selling 185 Class A shares, leaving 591,510 shares owned.
Filings
37 · Latest SEC filings2026-10-134Insider transaction report (Form 4)
BitGo director and Chief Revenue Officer Fang Chen had 356 Class A common shares withheld on Oct 6, 2026 at $7.19 per share for tax obligations, leaving 1,256,348 shares owned.
2026-10-134Insider transaction report (Form 4)
BitGo COO Jody Mettler had 60 Class A shares withheld for taxes (code F) at $7.19 each on Oct 6, 2026, leaving 38,241 shares owned.
2026-10-094Insider transaction report (Form 4)
BitGo officer Charles D Thompson II disposed of 60 Class A shares for tax withholding (F) at $7.19, leaving 124,408 shares.
2026-10-023Initial insider ownership statement (Form 3)
BitGo Holdings officer Charles D. Thompson II filed an initial Form 3 reporting holdings of 124,468 Class A common shares and stock options to buy shares at $5.07-$7.49 (146,095 and 20,000 options owned after). No open-market purchases or sales were reported.
2026-09-233Initial insider ownership statement (Form 3)
BitGo Holdings officer Alexander Rozman filed an initial Form 3 reporting 133,800 Class A common shares and 50,000 stock options (right to buy) at $6.41, with no transactions reported.
2026-09-184Insider transaction report (Form 4)
BitGo COO Jody Mettler was awarded 200,000 stock options at $6.41 per share on Sept 16, 2026, an A-Award grant, bringing her holdings to 200,000.
2026-09-094Insider transaction report (Form 4)
BitGo officer Jody Mettler (COO) disposed of 72 Class A shares at $7.30 on 2026-09-06 via F-InKind tax withholding, leaving 38,301 shares owned.
2026-09-094Insider transaction report (Form 4)
BitGo Holdings director and Chief Revenue Officer Fang Chen reported 220 Class A common shares withheld for taxes at $7.30 per share, leaving 1,256,704 shares owned.
2026-09-094Insider transaction report (Form 4)
BitGo Holdings CFO Edward Reginelli reported disposing of 88 Class A shares at $7.30 on 2026-09-06 to cover taxes (F-Tax), leaving 582,310 shares owned.
2026-08-114Insider transaction report (Form 4)
BitGo Holdings director and Chief Revenue Officer Fang Chen sold 234 Class A common shares on 2026-08-07 at $5.0154 per share (S-Sale), leaving 1,256,924 shares held.
2026-08-114Insider transaction report (Form 4)
BitGo COO Jody Mettler sold 97 Class A common shares on 2026-08-07 at $5.0154 each, leaving 38,373 shares owned.
2026-08-114Insider transaction report (Form 4)
BitGo Holdings CFO Edward Reginelli reported an open-market sale (S-Sale) of 91 Class A common shares at $5.0154 on 2026-08-07, leaving 582,398 shares owned after the transaction.
2026-07-284Insider transaction report (Form 4)
BitGo Holdings officer Horowitz Jeff Peter (Chief Compliance Officer) reported disposing of 1,043 cash-settled Phantom Stock Units via exempt option exercises at $0.00 across 2 transactions on 2026-07-22.
2026-07-284Insider transaction report (Form 4)
BitGo director and CEO Michael Belshe sold 38,691 Class A common shares at $4.8887 each on July 24, 2026, leaving 798,464 shares owned after the sale.
2026-07-284Insider transaction report (Form 4)
BitGo CFO Edward Reginelli sold 9,021 Class A common shares on the open market at $4.8887 on July 24, 2026, holding 582,489 shares after the sale.
2026-07-104Insider transaction report (Form 4)
BitGo CFO Edward Reginelli reported disposing of 263 Class A shares for tax withholding (F-InKind) and selling 185 Class A shares, leaving 591,510 shares owned.
2026-07-104Insider transaction report (Form 4)
BitGo Holdings COO Jody Mettler reported disposing of 218 Class A common shares in 2 F-InKind transactions (tax withholding) at $8.41-$11.87, leaving 38,615 shares owned.
2026-06-124Insider transaction report (Form 4)
BitGo officer Horowitz Jeff Peter reported exercising 2,084 cash-settled phantom stock units (M-Exempt) at $0.00 in two transactions on 2026-05-22.
2026-06-124Insider transaction report (Form 4)
BitGo CEO Michael Belshe had 21,200 Class A shares withheld for tax at $6.93 each (F-InKind), leaving 837,155 shares held.
2026-05-294Insider transaction report (Form 4)
BitGo Holdings director and Chief Revenue Officer Fang Chen received a grant of 2,000 Class A common shares at $0.00 on 2026-03-30, an award rather than a purchase, bringing holdings to 1,257,158 shares.
2026-05-053Initial insider ownership statement (Form 3)
BitGo Holdings (BTGO) 10% owner Redpoint Ventures V, L.P. filed a Form 3 on 2026-05-05, reporting holdings of Class A Common Stock; the two reported positions total 10,752,948 shares (10,484,516 and 268,432). No open-market purchase or sale occurred.
2026-04-014Insider transaction report (Form 4)
BitGo COO Jody Mettler received awards: 80,000 stock options at $7.49 and 13,833 Class A shares at $0.00, per a Form 4 filed 2026-04-01.
Transcripts
Earnings callsFY2026 Q22026-08-12
Earnings calls
AI summary
mixedKey takeaways
- Q2 revenue of $4.3 billion grew 14.7% sequentially and 79.6% year-over-year, but adjusted EBITDA was a loss of $4.2 million as digital asset sales margin fell to 17 bps from 32 bps in Q1.
- Staking revenue rose 30.9% sequentially to $64.7 million on substantial new activity from a large institutional client, but the take rate dropped to 6% from 16.1% in Q1; revenue was down 28.8% year-over-year.
- Normalized assets on platform were approximately $65 billion and normalized assets staked approximately $12 billion, both up sequentially and year-over-year despite a 13% decline in total crypto market capitalization.
- Management said it reduced workforce by about 15% in June and identified other cost actions, expecting about $15 million of annualized cash savings beginning in Q3.
- CFO Ed Reginelli will transition from his role during the coming quarter and remain with the company to support a smooth transition; succession plans will be updated later.
Financial highlights
- Total revenue: $4.3 billion, up 14.7% sequentially and 79.6% year-over-year.
- Digital asset sales revenue: $4.2 billion, up 14.7% sequentially and 84.3% year-over-year; quarterly margin approximately $7.1 million, or 17 bps, versus 32 bps in Q1 and 19 bps a year ago.
- Staking revenue: $64.7 million, up 30.9% sequentially and down 28.8% year-over-year; staking fees $60.8 million, take rate 6% versus 16.1% in Q1.
- Subscriptions and services revenue: $27.5 million, up 7.7% sequentially and 8.5% year-over-year; Stablecoin-as-a-Service revenue: $38.8 million, up 1.7% sequentially and 148% year-over-year.
Guidance
- Digital asset sales: reported revenue expected to be relatively flat versus Q2, reflecting a similar mix between spot and derivatives.
- Staking: revenue expected to remain broadly consistent with Q2.
- Subscriptions and services: sequential growth expected, supported by client activity and project-based ecosystem and implementation work; Stablecoin-as-a-Service expected modest sequential growth.
- Expenses excluding direct costs expected to decline sequentially, reflecting the workforce reduction and other cost actions; management said the goal is to get the business closer to breakeven, slightly profitable, in Q3.
Q&A themes
- Custody market structure and potential consolidation among digital asset custodians; competition from new entrants in custody, stablecoins and tokenized equities.
- Digital asset sales margin drivers: derivatives notional volume of roughly $1 billion versus almost $3 billion in Q1, with management expecting a return toward a historical 20-25 bps range after some July recovery.
- Staking dynamics: share gains from an existing custody client's Ethereum staking, discounted rates for large volume, and expected recovery in Q3/Q4 of a large token that declined in Q2.
- Stablecoin-as-a-Service economics and long-term stablecoin outlook, including fees generated primarily off balances and expectations of continued proliferation of stablecoin issuers; quantum-resistant wallet capabilities and AI investment funded within operating costs.
Risks
- Digital asset sales margin compressed to 17 bps from 32 bps in Q1, and management said staking economics will continue to vary based on client, token, validator and transaction mix.
- Market conditions remained challenging: total crypto market capitalization fell 13% to about $2.1 trillion, Bitcoin was down about 14%, and industry trading volumes declined more than 20% with volatility at multiyear lows.
- The CFO is transitioning from his role during the coming quarter, and the company said it will provide an update on succession plans at the appropriate time.
Company news
Reuters, WSJ, Bloomberg and FT first, as far as our news provider delivers them; other publishers behind the second filter. Headlines link to the publisher.Company data
Company intelligence
Updated: Nov 2, 2026, 08:57 PM UTC
Company data
Company intelligence
Company profile
- Sector
- Financial Services
- Industry
- Financial - Capital Markets
- Chief executive
- Michael A. Belshe
- Employees
- 603
- IPO date
- Jan 21, 2026
- Country
- US
- Exchange
- New York Stock Exchange
Altman Z-scorei4.41
Piotroski scorei4/9
Overall ratingiC+
Owner earningsi$1.37M$0.01 per share
ESG risk ratingiBIndustry rank: 29 out of 101
Rating factors
- Return on equityi
- 1
- Return on assetsi
- 1
- Debt to equityi
- 2
- Price to earningsi
- 1
- Price to booki
- 3
Company press releases
BitGo to Integrate WisdomTree Tokenized Money Market Fund into Institutional Custody and Settlement PlatformBusiness WireBitGo Holdings to Report Third Quarter 2026 Financial Results on Monday, November 9, 2026Business WireKalshi and BitGo Allow Customers to Unlock Crypto Liquidity for MarginBusiness WireBitGo Labs Launches to Innovate Crypto's Next Breakout ApplicationsBusiness WireBitGo and HashKey Sign Multi-Pillar Strategic Partnership Spanning Staking, Trading, Custody and RWA TokenizationBusiness WireOKX and BitGo Expand Off-Exchange Settlement Infrastructure to Institutions GloballyBusiness Wire
Market cap history
$567.19M+13.9%Aug 26 – Nov 26
Latest: $567.19M · 2026-11-02High: $846.49M · 2026-09-14Low: $497.95M · 2026-08-03
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| VTI | 0% | 2.6M |
| BLOK | 1.11% | 1.8M |
| BITQ | 1.48% | 968.1K |
| VXF | 0.01% | 958.9K |
| KCE | 0.93% | 715.4K |
| FSMAX | 0.01% | 559.4K |
| STCE | 1.56% | 459.8K |
| SCHA | 0.01% | 443.1K |
| FDIG | 0.65% | 239.7K |
| FSKAX | 0% | 239K |
| KOMP | 0.04% | 174K |
| BLKC.L | 0.26% | 121K |
Analyst track record
How the analysts covering BTGO have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 63 | 63 |
| Analysts | 16 | 16 |
| Buy / hold / sell | 52 / 11 / 0 | 52 / 11 / 0 |
| Upgrades / downgrades / initiations | 0 / 0 / 13 | 0 / 0 / 13 |
| Price targets hit / missed | 0 / 59 (0%) | 0 / 59 (0%) |
| Avg. return after a rating (TipRanks) | -57.2% | -57.2% |
| Best / worst call | -16.6% / -69.9% | -16.6% / -69.9% |
After buy calls on this stock: median 21-day move -4.7% vs S&P 500 -1.4% (n = 50)
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Nov 10, 2026 | James YaroGoldman Sachs | HoldMaintained | $6.50 | article ↗ |
| Nov 10, 2026 | Dan DolevMizuho Securities | BuyMaintained | $9.00 | article ↗ |
| Nov 10, 2026 | Chris BrendlerRosenblatt Securities | BuyMaintained | $9.00 | article ↗ |
| Nov 10, 2026 | Stephen GlagolaKBW | HoldMaintained | $7.00 | article ↗ |
| Nov 9, 2026 | Cassie ChanWells Fargo | BuyReiterated | $9.00 | article ↗ |
Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.
TipRanks data · computed Nov 10, 2026 · 63 ratings
Frequently asked questions
Where can I trade BTGO perpetual futures?
BitGo Holdings, Inc. (BTGO) perpetual futures trade on 1 crypto venues, including Gate.io. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade BTGO around the clock?
Yes. Unlike the underlying stock, BTGO perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on BTGO perpetuals?
Right now the BTGO perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
How does the BTGO perp price compare to the BitGo Holdings, Inc. stock?
The venue-median BTGO perp mark is $4.44 versus a reference stock price of $4.44, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.
What is a BTGO perpetual future?
A BTGO perpetual is a derivative that tracks the price of BitGo Holdings, Inc. with no expiry date. It lets you take long or short exposure to BitGo Holdings, Inc. on crypto venues, around the clock.
What is BTGOUSDT perpetual?
BTGOUSDT is the symbol most crypto exchanges use for the BitGo Holdings, Inc. perpetual settled in USDT (Tether). It tracks the BTGO share price through an index, trades 24/7 with leverage and never expires.
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