BitGo Cuts Nearly 15% of Workforce to Prioritize AI and Stablecoin Infrastructure

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• BitGo is reducing nearly 15% of its workforce as part of a strategic restructuring.
• The company will prioritize security, trading, stablecoins, settlement, and AI-powered infrastructure.
• CEO Mike Belshe said the layoffs are a one-time action, with no additional workforce reductions currently expected.

BitGo has announced a workforce reduction affecting nearly 15% of its employees as the digital asset infrastructure company narrows its strategic focus on artificial intelligence and stablecoin-related services. The announcement was made by CEO Mike Belshe in a public statement on June 25 and was simultaneously furnished to the U.S. Securities and Exchange Commission (SEC) through an 8-K filing, making the restructuring part of the company’s official investor disclosures.

BitGo Refocuses Resources on Core Growth Areas

According to Belshe, the restructuring reflects changes across the financial services and digital asset industries, prompting BitGo to become “sharper and more deliberate” in allocating talent and capital. Going forward, the company will concentrate its efforts on security, trading, stablecoins, settlement, and AI-powered infrastructure.

By the time the announcement was published, affected employees had already been informed by their managers and human resources teams. Belshe described the layoffs as a difficult but necessary decision, adding that the company does not anticipate further workforce reductions following this restructuring.

In his statement, Belshe said:

“I wouldn’t make this call if I didn’t believe deeply in our future. Let’s go build it.”

Announcement Follows BitGo’s Public Listing Earlier This Year

The workforce reduction comes just months after BitGo became a publicly traded company on the New York Stock Exchange in January 2026. Since its listing, the company has continued expanding its digital asset infrastructure business, including custody, trading, settlement, and stablecoin services.

The latest restructuring signals a shift toward businesses that BitGo considers its highest strategic priorities as institutional demand increasingly centers on digital asset infrastructure and regulated stablecoin services. The company’s SEC filing classifies the announcement as a Regulation FD disclosure, formally notifying investors of the organizational changes.

BitGo stated the move is intended to strengthen its long-term competitiveness while maintaining focus on serving institutional clients through its core infrastructure businesses.

Despite the layoffs, BitGo continues hiring for 51 positions across engineering, compliance, finance, security, sales, and other teams in regions including the U.S., Canada, India, Singapore, Dubai, Brazil, and the U.K. The hiring aligns with the company’s strategy of shifting resources toward security, trading, stablecoins, settlement, and AI-focused operations.

BitGo Shares Extend Decline Following Restructuring

According to Google Finance, BitGo Holdings’ stock closed at $4.80, down 4.76% on the day, before edging up to $4.87 in after-hours trading. The stock has fallen 19.60% over the past month and is down 74.04% over the last six months, reflecting continued investor caution as the company restructures its operations and shifts its focus toward AI infrastructure and stablecoin-related services.

Recently, BitGo reported $3.8 billion in Q1 2026 revenue but posted a wider net loss, reflecting continued investment as the company advances its AI and stablecoin strategy.

Crypto Firms Continue Workforce Restructuring Around AI

BitGo’s restructuring follows a broader trend across the crypto industry this year. In March, Gemini reduced its workforce by 30%, while Crypto.com cut 12% of staff as it increased investment in AI initiatives. In May, Dune announced a 25% workforce reduction to prioritize AI and institutional products, while Coinbase laid off 14% of its employees. These developments reflect an industry-wide effort to streamline operations while focusing on AI, infrastructure, and institutional services.