Digital asset custody company BitGo (BTGO) released its Q3 2026 financial results, reporting revenue of $2.852 billion, a 50.9% year-over-year decrease and a 34.1% quarter-over-quarter decrease, primarily due to weak cryptocurrency trading activity. Despite the significant revenue decline, net profit still increased by 94.4% year-over-year to $44.1 million, mainly thanks to $71.5 million in unrealized gains generated from its digital asset treasury. Excluding direct costs, the company's revenue for the quarter was only $37.3 million, with an adjusted EBITDA loss of $4.3 million, compared to a profit of $13.5 million in the same period last year. As of the end of September, BitGo held 2,399 of its own BTC, worth approximately $200 million. (The Block) https://wublock123.com/news/news-71667