Crypto Custodian BitGo Cuts 15% of Staff to Focus on AI and Stablecoins

Founded in 2013, BitGo provides digital-asset custody, wallet, staking and liquidity services. It listed on the New York Stock Exchange on Jan. 22, 2026, raising $213 million at a valuation of about $2.1 billion. As an infrastructure provider linking institutional capital with crypto markets, its staffing and product allocations also reflect shifting industry demand.

Co-founder and CEO Mike Belshe announced on June 25, 2026, that BitGo was cutting nearly 15% of its workforce. Based on its 603 full-time employees as of Dec. 31, 2025, the move would affect about 90 people. Belshe called it a one-time adjustment and said there were no plans for further layoffs for now. Resources will be concentrated in five areas: security, trading, stablecoins, settlement and AI-driven infrastructure.