Form 4: Valor Funds Convert Preferred Stock to BitGo Common

Valor Digital Investments and affiliated funds converted various series of preferred stock into over 11 million shares of BitGo Holdings Class A Common Stock following the company's IPO.

Summary

• Valor Digital Investments, LLC, Valor Management L.P., and Antonio J. Gracias reported changes in beneficial ownership of BitGo Holdings, Inc.
• The transactions involved the automatic conversion of preferred stock into Class A Common Stock on January 23, 2026.
• A total of 11,382,515 shares of Class A Common Stock were acquired through these conversions.
• The conversions occurred immediately upon the closing of BitGo Holdings, Inc.'s initial public offering (IPO).
• Antonio Gracias, through his positions with Valor entities, may be deemed to share beneficial ownership but disclaims ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine disclosure of an automatic conversion of preferred stock into common stock following an IPO, which is a standard event and does not inherently indicate positive or negative sentiment regarding the company's performance or prospects.

Management Comments

• Antonio Gracias disclaims beneficial ownership over the shares described herein except to the extent of his pecuniary interest therein.

Stakeholder Impact

• Shareholders: The conversion increases the float of Class A Common Stock, potentially impacting liquidity.
• Investors: Provides transparency regarding significant insider holdings post-IPO.

Key Dates

Keywords

BitGo Holdings, BTGO, Valor Digital Investments, Valor Management, Antonio Gracias, Form 4, SEC filing, beneficial ownership, stock conversion, Class A Common Stock, preferred stock, IPO