BitGo stock surges after announcing a $50 million share buyback program, but shares still trade 65% below the company's IPO price.

The buyback comes as newly public digital-asset firms face a tougher environment, with crypto markets lagging and investor attention shifting toward AI stocks.

BitGo announced a $50 million share repurchase program as its stock trades 65-70% below its $18 IPO price from January 2026, targeting up to 8% of