BitGo's first quarter revenue was $3.8 billion, with a net loss of $60.7 million

According to official sources, BitGo released its first quarter financial report, with a total revenue of 3.8 billion US dollars, a year-on-year increase of 112.6%, and a month on month decrease of 38.7%; Net loss of $60.7 million, compared to a net loss of $25.7 million in the same period last year. Adjusted EBITDA loss of $1.7 million, compared to a profit of $3.9 million in the same period last year; The basic and diluted loss per share was $0.62, compared to $0.69 in the same period last year. As of March 31, the company holds cash and cash equivalents of $186.6 million, and its digital asset treasury includes 2449 bitcoins with a fair value of approximately $167.1 million.