BitGo reported second-quarter revenue of $4.3 billion on Aug. 12, up 79.6% from a year earlier and 14.7% from the first quarter, while narrowing its net loss to $19.0 million from $60.7 million in the prior quarter and posting an adjusted EBITDA loss of $4.2 million. The company also said CFO Ed Reginelli will step down during the coming quarter and remain in place to manage the transition. Digital Asset Sales, BitGo's main revenue line, generated $4.2 billion, up 84.3% year-over-year, though margins compressed to 17 basis points from 32 basis points in the first quarter and 19 basis points a year earlier as thinner spot trading spreads and a lower derivatives mix weighed on profitability. Management said stronger custody and trading activity, including higher stablecoin volumes, helped drive the quarter. Staking revenue rose 30.9% sequentially to $64.7 million even as its take rate fell to 6.0%, while Stablecoin-as-a-Service revenue climbed 148% year-over-year to $38.8 million and its take rate increased to 8.0%. BitGo also highlighted $15 million in annualized cost savings, authorized a $50 million share buyback, ended the quarter with $159.0 million in cash and no corporate debt, and used the earnings call to show a tokenized-equities model built around direct share ownership through BitGo Bank & Trust.