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‘We’ve been through lots of highs and lows’: BitGo CEO on crypto

‘We’ve been through lots of highs and lows’: BitGo CEO on crypto

00:00 Speaker A

Mike, it’s good to see you. So you guys had that huge increase in revenue. You however posted a net loss, and that has to do at least partially, if not entirely, with what happened with crypto prices. So walk me through that loss and how investors should be thinking about it.

00:23 Mike

Well, actually, um, adjusted EBITDA was was up, uh, was positive. Uh, what we do we do maintain a little bit of Bitcoin on the balance sheets and you know, Bitcoin prices are down. Uh, look, we’re long-term bullish on what’s going to happen with with digital assets, in particular Bitcoin. Um, so, you know, yeah, that does show up that way, but uh that’s not I think the real indicative part. And and also just…

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