BitGo CFO to Step Down Sept. 15 as Q2 Revenue Jumps 79.6% to $4.33B

BitGo disclosed on Aug. 12 that Chief Financial Officer Edward Reginelli will leave the company on Sept. 15. Reginelli informed the board on Aug. 10, and the firm said his departure is not related to any disagreement over operations, policies or practices. A formal search for a successor is underway, and Reginelli will remain as an advisor after leaving. The disclosure came alongside BitGo's Q2 2026 results: total revenue rose 79.6% year over year to $4.33 billion, while the company posted a net loss of $19 million, compared with a $38.3 million profit a year earlier. The loss narrowed from the first quarter's $60.7 million deficit. Adjusted EBITDA swung from a $3 million profit to a $4.2 million loss. BitGo also said it cut about 15% of its workforce in June, with restructuring expected to generate roughly $15 million in annualized cash savings. As of the end of June, the company held $159 million in cash and 2,523 self-owned bitcoins worth about $147.7 million, with no corporate debt.