BitGo stock surges on $50 million share buyback as value languishes 65% below IPO price (opens original article in a new tab)

BitGo stock surged 20% following a $50 million share buyback announcement, though it remains 65% below its IPO price. The company is focusing on regulated infrastructure services ahead of Europe's crypto licensing deadline.

• BitGo stock rose 20% after announcing a $50 million share buyback program.
• The stock remains 65% below its January IPO price of $18.
• BitGo is positioning as a regulated infrastructure provider ahead of Europe's crypto licensing deadline.