BitGo reported a $50 million loss in Q4, with shares dropping over 8% on Thursday
Foresight News reported, according to The Wall Street Journal, that cryptocurrency infrastructure company BitGo posted a $50 million loss in its first quarterly report after its IPO, due to a decline in digital asset prices at the end of last year reducing the value of its Bitcoin holdings. A certain exchange’s share price fell more than 8% on Thursday, closing at a record low, but slightly rebounded in after-hours trading, rising about 2.2%.
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