It’s Thursday and I think the bulls are here to stay. Early signs back this up
But will they remain? Bears have known to be aggressive this week.
🟥or🟩?
Question
Listened to the BitGo Q2 earnings call and I am excited about something. Guess what that is along with the day close for the bonus zap for an even bigger zap drop the photo of the BitGo CEO
Bulls (🟩) Win:
BitGo let’s go!
No one got the guess right!
I guess u are excited about BitGo targeting $15M in annualized cash savings, maintaining zero corporate debt, and rolling out post-quantum safe wallet security!🟩🟩
🟩 $15 million in annualized cash savings
🟩 The target to approach adjusted EBITDA breakeven next quarter, management's guidance that July margins are recovering sounds promising.
🟩 The 80% revenue jump! Crushing $4.3 billion in revenue is wild growth for a single quarter.
🟩
The bigger opportunity may be that as banks, funds, and other large players enter crypto, they’ll need trusted infrastructure—and BitGo is already positioned to provide it.
🟩 The growth in institutional adoption? Normalized assets on the platform rising to $65 billion despite a choppy broader crypto market shows huge resilient demand.
🟩 Let me guess:- quantum-resistant security capabilities for Bitcoin wallets? Or the fact that AI is now resolving 20%+ of their internal engineering workflows?
hey there Mikey!!
🟩 New initiatives in tokenized equities and capital markets, Real-world asset tokenization is easily one of their highest upside long-term plays.
🟩 I would say the $50 million share repurchase program, Capital allocation flexibility is a good signal when trading near 52-week lows.
🟩 The new quantum-risk management capabilities, adding quantum security for Bitcoin wallets is a massive win for institutional custody leadership.
🟩 Has to be the Stablecoin-as-a-Service growth (+148% YoY) or the surge in assets under custody. Even with crypto market cap down across the quarter, their platform scale keeps pushing into overdrive
🟩
Probably you are excited about the stablecoin business. That could become a much bigger piece of BitGo’s story as stablecoins move from crypto trading into payments, settlement, and financial infrastructure.
🟩 Expansion of AI integration? Accelerating software development and automating manual operations across their engineering stack sounds like a massive scale catalyst.
🟩 BitGo sees revenue jump 80% to $4.3 billion in Q2 but posts net loss
🟩
Because BitGo is positioning itself as infrastructure, not just another crypto company. If institutional adoption keeps growing, the companies providing the rails could capture enormous value.
🟩
The tokenization opportunity is what probably caught your attention. If more traditional assets move on-chain, BitGo could sit right in the middle of the custody, settlement, and infrastructure layer.
😆😆😆
Block gets a slight growth discount
Cleanspark struggling in this bear market
Space X swinging for the fences with AI
$100B in yearly revenue is bonkers