According to CoinMeta, digital asset custody company Bitgo ( BTGO ) announced its financial results for the third quarter of 2026, with revenue totaling $2.852 billion, a year-on-year decrease of 50.9% and a quarter-on-quarter decrease of 34.1%, mainly due to weak crypto asset trading activity. Despite the significant decline in revenue, net profit still increased by 94.4% to $44.1 million, largely thanks to unrealized gains of $71.5 million from the digital asset treasury. Excluding direct costs, the company's income for that quarter was only $37.3 million, resulting in an adjusted loss of $4.3 million for EBITDA; in the same period last year, there was a profit of $13.5 million. As of the end of September, Bitgo held 2,399 of its own BTC, valued at approximately $200 million.