- BitGo will cut nearly 15% of staff as it shifts resources to stablecoins and AI infrastructure.
- CEO Mike Belshe said the layoffs are a one-time measure with no further cuts expected.
- BitGo reported $16.2B in revenue, earning a No. 273 debut on the 2026 Fortune 500.
BitGo is reducing its workforce by nearly 15% as the digital asset custodian shifts resources toward stablecoins, artificial intelligence infrastructure, and institutional crypto services.
The restructuring comes along with an increase in revenue, with the company citing a need to concentrate on business segments it considers more strategic as financial services continue to evolve.
BitGo Narrows Focus After Workforce Reduction
Chief Executive Officer Mike Belshe said affected employees had already been informed by management and the human resources team. He described the layoffs as a one-time measure and said the company does not currently expect additional workforce reductions.
According to Belshe, BitGo plans to direct more attention to security, trading, settlement, stablecoins, and AI-driven infrastructure. He said the company is reallocating people and resources toward these areas as part of its long-term business priorities.
The decision follows mixed financial results for 2025. BitGo reported revenue of $16.2 billion, an increase of more than four times from the previous year, a performance that helped the company debut at No. 273 on the 2026 Fortune 500. However, most of that revenue came from lower-margin digital asset sales. Adjusted EBITDA reached $32.4 million, while a decline in the company’s Bitcoin treasury contributed to a net loss of $14.8 million.
Institutional Expansion Continues
Despite the restructuring, BitGo has continued expanding its institutional business. In December 2025, the company received final approval from the Office of the Comptroller of the Currency for BitGo Bank & Trust, National Association, allowing it to operate as a national trust bank. In April, it also launched BitGo Mint, a platform that enables institutional clients to mint, redeem, and manage supported stablecoins through a single interface. These initiatives align with Belshe’s comments that BitGo intends to focus more heavily on institutional crypto services, stablecoins, and AI-driven infrastructure.
Related: “AI Can’t Touch Cash”: BitGo CEO Sees Crypto as AI’s Native Currency
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