---
title: "A Healthcare Fund Just Made Bitgo Its Biggest Bet"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286995147.md"
description: "Valor Management LLC has initiated a new position in Bitgo Holdings (NYSE:BTGO) by acquiring 12,538,608 shares valued at approximately $138.91 million. As of the quarter-end, the position was worth $103.19 million, representing 57.05% of the fund's assets under management. This marks a significant shift for Valor, a healthcare-focused fund, as it pivots towards digital asset infrastructure. Investors should consider the implications of institutional demand for regulated digital asset services when evaluating BTGO."
datetime: "2026-05-20T02:50:35.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286995147.md)
  - [en](https://longbridge.com/en/news/286995147.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286995147.md)
---

# A Healthcare Fund Just Made Bitgo Its Biggest Bet

## Key Points

-   Initiated new BTGO stake with 12,538,608 shares; estimated trade value of $138.91 million based on quarterly average pricing
-   Quarter-end value of the BTGO position was $103.19 million, reflecting both trading activity and stock price movement
-   The trade represented a 76.8% change in reported 13F assets under management
-   Post-trade, Valor Management LLC held 12,538,608 BTGO shares worth $103.19 million
-   The BTGO position accounts for 57.05% of fund AUM
-   10 stocks we like better than Bitgo ›

On May 13, 2026, Valor Management LLC disclosed a new position in **Bitgo Holdings** (NYSE:BTGO), acquiring 12,538,608 shares in a trade estimated at $138.91 million based on quarterly average pricing.

-   Initiated new BTGO stake with 12,538,608 shares; estimated trade value of $138.91 million based on quarterly average pricing
-   Quarter-end value of the BTGO position was $103.19 million, reflecting both trading activity and stock price movement
-   The trade represented a 76.8% change in reported 13F assets under management
-   Post-trade, Valor Management LLC held 12,538,608 BTGO shares worth $103.19 million
-   The BTGO position accounts for 57.05% of fund AUM

## What happened

According to a May 13, 2026, SEC filing, Valor Management LLC established a new position in Bitgo Holdings by acquiring 12,538,608 shares during the first quarter. The estimated transaction value was $138.91 million, calculated using the average closing price for the quarter. At quarter-end, the value of the holding stood at $103.19 million, reflecting both the initial trade and subsequent price movement.

## What else to know

-   This was a new position for Valor Management LLC, representing 57.05% of reported 13F assets at quarter-end
-   Top holdings after the filing:
    -   NYSE: BTGO: $103.19 million (57.1% of AUM)
    -   NASDAQ: BWAY: $70.64 million (39.1% of AUM)
    -   NASDAQ: CNTN: $3.54 million (2.0% of AUM)
    -   NASDAQ: HRMY: $3.28 million (1.8% of AUM)
    -   NASDAQ: BIOA: $229,206 (0.1% of AUM)
-   As of May 18, 2026, BTGO shares were priced at $8.33; It is down 53.7% since inception on January 1, 2026, losing to the S&P 500 by 61.4 percentage points.

## Company overview

Metric

Value

Price (as of market close 2026-05-18)

8.33

Market Capitalization

$961.84 million

Revenue (TTM)

$16.88 billion

Net Income (TTM)

($27.73million)

## Company snapshot

-   Bitgo Holdings, Inc. provides digital asset infrastructure solutions, including self-custody wallets, qualified custody, liquidity and prime services, and infrastructure-as-a-service for institutional clients.
-   The company generates revenue primarily by offering secure technology platforms and custodial services to institutional investors, trading firms, and digital asset ecosystem participants.
-   Bitgo's main customers include financial services firms, crypto-native companies, technology platforms, corporations, government agencies, and high net worth individuals across North America, Europe, and Asia.

Bitgo Holdings, Inc. operates at scale in the digital asset infrastructure sector, supporting a diverse institutional client base with advanced security and custody solutions. The company's strategy focuses on enabling institutional adoption of digital assets through reliable, technology-driven services. Its competitive edge lies in its comprehensive platform and global reach, positioning it as a key provider for organizations seeking secure management of digital assets.

## What this transaction means for investors

Valor Management LLC entered Bitgo Holdings as a new position and immediately made it the dominant holding in a relatively small portfolio. That concentration is worth noting, but so is the context: Valor was previously a healthcare-focused fund, holding positions in a brain stimulation device maker, a rare neurological disease drugmaker, and a metabolic biotech. This isn't a crypto specialist doubling down — it's a sharp pivot from a manager with no visible prior exposure to digital assets. Bitgo Holdings operates in institutional digital asset infrastructure: custody, wallets, liquidity services, and tech platforms for financial firms seeking regulated access to crypto markets. It's a picks-and-shovels play on institutional adoption rather than a bet on any token or price. If you're evaluating BTGO independently, the more useful question is whether institutional demand for regulated digital asset services is at an inflection point — and whether Bitgo is positioned to capture it.

## Should you buy stock in Bitgo right now?

Before you buy stock in Bitgo, consider this:

The _Motley Fool Stock Advisor_ analyst team just identified what they believe are the **10 best stocks** for investors to buy now… and Bitgo wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when **Netflix** made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, **you’d have $483,476**!\* Or when **Nvidia** made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, **you’d have $1,362,941**!\*

Now, it’s worth noting _Stock Advisor’s_ total average return is 998% — a market-crushing outperformance compared to 207% for the S&P 500. **Don't miss the latest top 10 list, available with _Stock Advisor_, and join an investing community built by individual investors for individual investors.**

See the 10 stocks »

_\*Stock Advisor returns as of May 19, 2026._

_Seena Hassouna has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy._

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

### Related Stocks

- [BTGO.US](https://longbridge.com/en/quote/BTGO.US.md)
- [BWAY.US](https://longbridge.com/en/quote/BWAY.US.md)
- [CNTN.US](https://longbridge.com/en/quote/CNTN.US.md)
- [HRMY.US](https://longbridge.com/en/quote/HRMY.US.md)
- [BIOA.US](https://longbridge.com/en/quote/BIOA.US.md)
- [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md)
- [NFLX.US](https://longbridge.com/en/quote/NFLX.US.md)
- [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md)
- [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md)

## Related News & Research

- [CARNEY SAYS VANCOUVER PORT AND SUPPORTING INFRASTRUCTURE LIKE ROADS, RAIL, AND AIRPORT MUST EXPAND.](https://longbridge.com/en/news/287093950.md)
- [TURBO ENERGY FILES FY2025 ANNUAL REPORT HIGHLIGHTING 107% REVENUE GROWTH AND STRATEGIC TRANSITION TO AI-DRIVEN ENERGY INFRASTRUCTURE | TURB Stock News](https://longbridge.com/en/news/286769232.md)
- [3 Infrastructure Stocks Fueling the Data Center Building Boom](https://longbridge.com/en/news/286770083.md)
- [Tucker Asset Management LLC Lowers Stock Position in RTX Corporation $RTX](https://longbridge.com/en/news/286763382.md)
- [05:54 ETTermHub™ Launches New Managed FHIR Offering for SDOs](https://longbridge.com/en/news/287042225.md)