Is BITGO HOLDINGS, INC. (BTGO) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| DJIM | Excluded — Capital Markets | ✗ NOT HALAL | |||
| MSCI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| S&P | Excluded — Capital Markets | ✗ NOT HALAL | |||
| FTSE | Excluded — Capital Markets | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 1.2% | |
| Operating Margin | 0.1% | |
| Net Margin | -0.1% | |
| Return on Equity (ROE) | -4.6% | |
| Return on Assets (ROA) | 0.4% |
Cash Flow & Balance Sheet
| Debt-to-Equity | 112.7 |
| Current Ratio | 1.1 |
Price & Trading
| Last Close | $9.10 |
| 50-Day MA | $11.22 |
| 200-Day MA | $11.22 |
| Avg Volume | 1.4M |
|
52-Week Range
$7.60
| |
About BITGO HOLDINGS, INC. (BTGO)
Bitgo Holdings, Inc. operates as a digital asset infrastructure company that allows institutional clients to secure, manage, utilize, and create digital assets through its technology platform. The company, through its platform, offers self-custody wallet, qualified custody, liquidity and prime, and infrastructure-as-a-service to investors, builders, and other participants in the digital asset ecosystem. Its clients range from crypto-native companies that use its self-custody wallet technology to financial services firms, digital asset ecosystem companies, technology platforms, corporations, and government agencies, as well as high net worth individuals. The company's principal markets include North America, Europe, and Asia. It serves institutional investors, trading firms, investment advisors, exchanges, and developers. Bitgo Holdings, Inc. was founded in 2013 and is based in Palo Alto, California.
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Frequently Asked Questions
Is BITGO HOLDINGS, INC. (BTGO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), BITGO HOLDINGS, INC. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is BITGO HOLDINGS, INC.'s debt ratio?
BITGO HOLDINGS, INC.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are BITGO HOLDINGS, INC.'s key financial metrics?
BITGO HOLDINGS, INC. has a market capitalization of $887M. The company maintains a gross margin of 1.2% and a net margin of -0.1%. Return on equity stands at -4.6%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.