BitGo Launches $50 Million Stock Buyback, Shares Surge Nearly 20%

TechFlow News, June 17: BitGo (BTGO), a digital asset infrastructure provider, announced a share repurchase program of up to $50 million—approximately 8% of its outstanding shares—with immediate effect. Following this announcement, the company’s stock surged as much as 20% on Wednesday.

However, BitGo’s stock remains down approximately 65% from its January IPO offering price. Amid weakening cryptocurrency market conditions and shifting investor focus toward the artificial intelligence sector, digital asset-related stocks overall face pressure.