BitGo Holdings, Inc. Announces Change of Independent Registered Public Accounting Firm

Key Points:

• BitGo Holdings, Inc. (NYSE: BTGO) has dismissed its independent registered public accounting firm, Crowe LLP, effective March 31, 2026.
• The Audit Committee of the Board of Directors has approved the engagement of KPMG LLP as the new independent registered public accounting firm, also effective March 31, 2026.
• Crowe LLP’s audit reports for the fiscal years ended December 31, 2025, and December 31, 2024, did not contain adverse opinions, disclaimers, or qualifications as to uncertainties, audit scope, or accounting principles.
• There were no disagreements between BitGo and Crowe LLP regarding accounting principles, practices, financial statement disclosure, or auditing scope/procedure that were unresolved.
• The only “reportable event” was material weaknesses in internal control over financial reporting, previously disclosed in BitGo’s Annual Report on Form 10-K for the year ended December 31, 2025.
• Crowe LLP has provided a letter to the SEC confirming its agreement with BitGo’s statements regarding its dismissal.
• Neither BitGo nor anyone acting on its behalf consulted with KPMG on any matters regarding the application of accounting principles, auditing scope, or any disagreements prior to their engagement.

What Investors and Shareholders Should Know

This announcement is of significant importance as a change in independent auditor can sometimes be interpreted by the market as a sign of potential shifts in financial reporting, governance, or company direction. However, BitGo Holdings, Inc. has clarified several critical facts to mitigate concerns:

• No Adverse Audit Opinions or Unresolved Disagreements: The outgoing auditor, Crowe LLP, did not issue any adverse opinions or disclaimers, nor were there any unresolved disagreements with management. This is an important reassurance for investors regarding the integrity of past financial statements.
• Material Weaknesses Previously Disclosed: The only reportable event noted during Crowe LLP’s tenure related to material weaknesses in internal control over financial reporting, which was already disclosed in the company’s most recent Annual Report on Form 10-K. Investors should review this report for details, as material weaknesses can impact the reliability of financial reporting but are not new information as of this filing.
• KPMG LLP Appointment: The appointment of KPMG, a leading global accounting firm, may be viewed positively as it generally signals a commitment to high standards in financial reporting and governance. Importantly, KPMG has not previously provided advice or consultation to BitGo on matters that would impact the company’s financial reporting, ensuring their independence.
• Formal Auditor Transition Procedures Followed: BitGo provided Crowe LLP with a copy of this 8-K filing and obtained written confirmation from Crowe LLP agreeing with BitGo’s statements, as required by SEC rules. This transparency and adherence to regulation may be viewed favorably by the market.

Potential Share Price Impact

This news may be considered price sensitive as a change in auditor can influence investor sentiment, especially if there were prior concerns about financial controls or governance. However, BitGo’s disclosure indicates the change was not due to disputes or concerns with the integrity of previously issued financial statements. The market reaction will likely depend on investor confidence in the reasons for the transition and the remediation of previously identified material weaknesses in internal control.

Additional Disclosure

• BitGo Holdings, Inc. Class A Common Stock trades under the symbol BTGO on the New York Stock Exchange.
• The company’s principal executive offices are located at 101 S. Reid Street, Suite 307, PMB# 9793, Sioux Falls, SD 57103. The business phone number is (650) 847-0009.
• This Form 8-K was signed by Edward Reginelli, Chief Financial Officer, on April 6, 2026.
• The letter from Crowe LLP confirming its agreement with the statements made by BitGo is included as Exhibit 16.1 in this filing.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should review all publicly available filings and consult their financial advisors before making investment decisions. The information provided is based on regulatory filings as of April 6, 2026, and may be subject to change.

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