Companies

BitGo returns to profit on crypto gains despite halved revenue

BitGo, a company listed on the New York Stock Exchange, returned to profit on crypto gains even though its revenue halved. It also took a strategic stake in Aptos' APT token to deepen its link with the Aptos network.

Illustration: A desk covered with paper reports, a pen and a pair of glasses, seen from slightly above, with an emerald accent.
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BitGo, a company listed on the New York Stock Exchange, returned to profit. The result came from gains tied to crypto, even though its revenue halved over the same period.

BitGo also took a strategic stake in APT, the token of the Aptos network. The company said it wants to deepen its integration with Aptos. It kept the size of the stake quiet, so the amount is not known.

For investors, the result shows that profit can rise while sales fall. The material does not say how long the gains will last.

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