Th\u1ecb tr\u01b0\u1eddng ti\u1ec1n m\u00e3 h\u00f3a v\u1ed1n d\u0129 \u0111\u1ea7y r\u1eaby nh\u1eefng ngh\u1ecbch l\u00fd, v\u00e0 b\u00e1o c\u00e1o t\u00e0i ch\u00ednh m\u1edbi nh\u1ea5t c\u1ee7a BitGo cho qu\u00fd 4 n\u0103m t\u00e0i ch\u00ednh v\u1eeba qua l\u00e0 m\u1ed9t minh ch\u1ee9ng \u0111i\u1ec3n h\u00ecnh. D\u00f9 ghi nh\u1eadn m\u1ee9c t\u0103ng tr\u01b0\u1edfng doanh thu \u1ea5n t\u01b0\u1ee3ng nh\u1edd nhu c\u1ea7u l\u01b0u k\u00fd (custody) t\u1eeb c\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh t\u0103ng cao, “g\u00e3 kh\u1ed5ng l\u1ed3” n\u00e0y v\u1eabn ph\u1ea3i b\u00e1o c\u00e1o m\u1ed9t kho\u1ea3n l\u1ed7 r\u00f2ng \u0111\u00e1ng k\u1ec3. Nguy\u00ean nh\u00e2n kh\u00f4ng n\u1eb1m \u1edf ho\u1ea1t \u0111\u1ed9ng kinh doanh c\u1ed1t l\u00f5i, m\u00e0 \u0111\u1ebfn t\u1eeb c\u00e1c quy t\u1eafc k\u1ebf to\u00e1n kh\u1eaft khe \u0111\u1ed1i v\u1edbi gi\u00e1 tr\u1ecb Bitcoin tr\u00ean b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n.<\/p>\n
Trong khi kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch v\u00e0 ph\u00ed d\u1ecbch v\u1ee5 l\u01b0u k\u00fd c\u1ee7a BitGo t\u0103ng m\u1ea1nh trong ba th\u00e1ng cu\u1ed1i n\u0103m, con s\u1ed1 l\u1ee3i nhu\u1eadn cu\u1ed1i c\u00f9ng l\u1ea1i b\u1ecb k\u00e9o xu\u1ed1ng b\u1edfi c\u00e1c kho\u1ea3n l\u1ed7 ch\u01b0a th\u1ef1c hi\u1ec7n t\u1eeb vi\u1ec7c gi\u1ea3m gi\u00e1 tr\u1ecb t\u00e0i s\u1ea3n (impairment charges). \u0110\u00e2y l\u00e0 h\u1ec7 qu\u1ea3 tr\u1ef1c ti\u1ebfp t\u1eeb s\u1ef1 bi\u1ebfn \u0111\u1ed9ng gi\u00e1 c\u1ee7a Bitcoin trong c\u00e1c giai \u0111o\u1ea1n ch\u1ed1t s\u1ed5 k\u1ebf to\u00e1n, bu\u1ed9c c\u00f4ng ty ph\u1ea3i \u0111i\u1ec1u ch\u1ec9nh gi\u00e1 tr\u1ecb t\u00e0i s\u1ea3n n\u1eafm gi\u1eef xu\u1ed1ng m\u1ee9c th\u1ecb tr\u01b0\u1eddng th\u1ea5p nh\u1ea5t trong k\u1ef3 b\u00e1o c\u00e1o.<\/p>\n
Nh\u01b0ng n\u1ebfu nh\u00ecn xa h\u01a1n nh\u1eefng con s\u1ed1 l\u1ed7 r\u00f2ng, t\u00ecnh h\u00ecnh kinh doanh th\u1ef1c t\u1ebf c\u1ee7a BitGo l\u1ea1i cho th\u1ea5y m\u1ed9t b\u1ee9c tranh t\u01b0\u01a1i s\u00e1ng h\u01a1n nhi\u1ec1u. Doanh thu t\u1eeb d\u1ecbch v\u1ee5 l\u01b0u k\u00fd \u2014 m\u1ea3ng kinh doanh then ch\u1ed1t c\u1ee7a h\u00e3ng \u2014 \u0111\u00e3 \u0111\u1ea1t m\u1ee9c t\u0103ng tr\u01b0\u1edfng hai con s\u1ed1. \u0110i\u1ec1u n\u00e0y ph\u1ea3n \u00e1nh xu h\u01b0\u1edbng c\u00e1c qu\u1ef9 \u0111\u1ea7u t\u01b0 l\u1edbn v\u00e0 c\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh truy\u1ec1n th\u1ed1ng \u0111ang \u0111\u1ed5 x\u00f4 v\u00e0o th\u1ecb tr\u01b0\u1eddng ti\u1ec1n m\u00e3 h\u00f3a, \u0111\u00f2i h\u1ecfi nh\u1eefng gi\u1ea3i ph\u00e1p l\u01b0u tr\u1eef an to\u00e0n v\u00e0 c\u00f3 t\u00ednh b\u1ea3o m\u1eadt cao m\u00e0 BitGo \u0111ang cung c\u1ea5p.<\/p>\n
S\u1ef1 gia t\u0103ng doanh thu c\u1ee7a BitGo di\u1ec5n ra trong b\u1ed1i c\u1ea3nh c\u00e1c s\u1ea3n ph\u1ea9m t\u00e0i ch\u00ednh nh\u01b0 ETF Bitcoin giao ngay \u0111ang l\u00e0m thay \u0111\u1ed5i di\u1ec7n m\u1ea1o th\u1ecb tr\u01b0\u1eddng. C\u00e1c t\u1ed5 ch\u1ee9c kh\u00f4ng c\u00f2n t\u1ef1 n\u1eafm gi\u1eef kh\u00f3a c\u00e1 nh\u00e2n m\u00e0 chuy\u1ec3n sang tin d\u00f9ng c\u00e1c b\u00ean th\u1ee9 ba c\u00f3 gi\u1ea5y ph\u00e9p. BitGo, v\u1edbi v\u1ecb th\u1ebf l\u00e0 m\u1ed9t trong nh\u1eefng \u0111\u01a1n v\u1ecb l\u01b0u k\u00fd l\u00e2u \u0111\u1eddi v\u00e0 uy t\u00edn nh\u1ea5t, \u0111\u00e3 t\u1eadn d\u1ee5ng t\u1ed1t l\u00e0n s\u00f3ng n\u00e0y \u0111\u1ec3 m\u1edf r\u1ed9ng t\u1ec7p kh\u00e1ch h\u00e0ng.<\/p>\n
Tuy nhi\u00ean, c\u1ea5u tr\u00fac t\u00e0i ch\u00ednh c\u1ee7a c\u00e1c c\u00f4ng ty s\u1edf h\u1eefu nhi\u1ec1u Bitcoin nh\u01b0 BitGo th\u01b0\u1eddng xuy\u00ean ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi “b\u1eaby k\u1ebf to\u00e1n”. Theo quy \u0111\u1ecbnh hi\u1ec7n h\u00e0nh, khi gi\u00e1 Bitcoin gi\u1ea3m, doanh nghi\u1ec7p ph\u1ea3i ghi nh\u1eadn l\u1ed7 ngay l\u1eadp t\u1ee9c. Ng\u01b0\u1ee3c l\u1ea1i, khi gi\u00e1 t\u0103ng, h\u1ecd th\u01b0\u1eddng kh\u00f4ng \u0111\u01b0\u1ee3c ghi nh\u1eadn l\u00e3i cho \u0111\u1ebfn khi th\u1ef1c hi\u1ec7n vi\u1ec7c b\u00e1n t\u00e0i s\u1ea3n. \u0110i\u1ec1u n\u00e0y t\u1ea1o ra m\u1ed9t s\u1ef1 sai l\u1ec7ch nh\u1ea5t \u0111\u1ecbnh gi\u1eefa s\u1ee9c kh\u1ecfe v\u1eadn h\u00e0nh c\u1ee7a doanh nghi\u1ec7p v\u00e0 b\u00e1o c\u00e1o t\u00e0i ch\u00ednh c\u00f4ng khai.<\/p>\n
S\u1ef1 vi\u1ec7c n\u00e0y c\u0169ng g\u1ee3i nh\u1eafc \u0111\u1ebfn t\u00ecnh tr\u1ea1ng c\u1ee7a nhi\u1ec1u doanh nghi\u1ec7p c\u00f4ng ngh\u1ec7 kh\u00e1c trong ng\u00e0nh. B\u1ea1n c\u00f3 th\u1ec3 t\u00ecm hi\u1ec3u th\u00eam v\u1ec1 c\u00e1c bi\u1ebfn \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng th\u00f4ng qua ph\u00e2n t\u00edch v\u1ec1 vi\u1ec7c r\u1ee7i ro \u0111i\u1ec1u ch\u1ec9nh m\u1ea1nh c\u1ee7a Bitcoin khi t\u00edn hi\u1ec7u th\u1ecb tr\u01b0\u1eddng h\u1ea1 nhi\u1ec7t \u0111\u1ec3 hi\u1ec3u t\u1ea1i sao c\u00e1c t\u00e0i s\u1ea3n tr\u00ean b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n l\u1ea1i nh\u1ea1y c\u1ea3m \u0111\u1ebfn v\u1eady.<\/p>\n
D\u00f9 \u0111\u1ed1i m\u1eb7t v\u1edbi l\u1ed7 qu\u00fd 4, gi\u1edbi ph\u00e2n t\u00edch cho r\u1eb1ng BitGo \u0111ang n\u1eafm gi\u1eef v\u1ecb th\u1ebf chi\u1ebfn l\u01b0\u1ee3c. Vi\u1ec7c doanh thu t\u0103ng tr\u01b0\u1edfng ch\u1ee9ng minh r\u1eb1ng m\u00f4 h\u00ecnh kinh doanh c\u1ee7a h\u1ecd \u0111ang v\u1eadn h\u00e0nh hi\u1ec7u qu\u1ea3 v\u00e0 c\u00f3 kh\u1ea3 n\u0103ng ch\u1ed1ng ch\u1ecbu t\u1ed1t. Khi c\u00e1c quy \u0111\u1ecbnh v\u1ec1 k\u1ebf to\u00e1n t\u00e0i s\u1ea3n s\u1ed1 (nh\u01b0 chu\u1ea9n m\u1ef1c m\u1edbi t\u1eeb FASB) b\u1eaft \u0111\u1ea7u \u0111\u01b0\u1ee3c \u00e1p d\u1ee5ng r\u1ed9ng r\u00e3i h\u01a1n, cho ph\u00e9p doanh nghi\u1ec7p \u0111\u1ecbnh gi\u00e1 l\u1ea1i t\u00e0i s\u1ea3n theo gi\u00e1 th\u1ecb tr\u01b0\u1eddng (fair value) m\u1ed9t c\u00e1ch linh ho\u1ea1t h\u01a1n, nh\u1eefng kho\u1ea3n l\u1ed7 k\u1ef9 thu\u1eadt n\u00e0y c\u00f3 th\u1ec3 s\u1ebd bi\u1ebfn m\u1ea5t.<\/p>\n
And, quan tr\u1ecdng h\u01a1n c\u1ea3, vi\u1ec7c m\u1edf r\u1ed9ng d\u1ecbch v\u1ee5 sang c\u00e1c m\u1ea3ng nh\u01b0 staking hay m\u1ea1ng l\u01b0\u1edbi thanh to\u00e1n gi\u1eefa c\u00e1c t\u1ed5 ch\u1ee9c \u0111ang gi\u00fap BitGo \u0111a d\u1ea1ng h\u00f3a ngu\u1ed3n thu. C\u00f4ng ty kh\u00f4ng c\u00f2n ch\u1ec9 s\u1ed1ng d\u1ef1a v\u00e0o ph\u00ed l\u01b0u k\u00fd thu\u1ea7n t\u00fay m\u00e0 \u0111ang d\u1ea7n tr\u1edf th\u00e0nh m\u1ed9t ng\u00e2n h\u00e0ng t\u00e0i s\u1ea3n s\u1ed1 to\u00e0n di\u1ec7n. Trong m\u1ed9t th\u1ecb tr\u01b0\u1eddng m\u00e0 s\u1ef1 gia nh\u1eadp c\u1ee7a c\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh l\u1edbn \u0111ang d\u1eabn d\u1eaft \u0111\u00e0 h\u1ed3i ph\u1ee5c, BitGo v\u1eabn l\u00e0 c\u00e1i t\u00ean kh\u00f3 c\u00f3 th\u1ec3 thay th\u1ebf.<\/p>\n
BitGo l\u1ed7 ch\u1ee7 y\u1ebfu do c\u00e1c quy \u0111\u1ecbnh k\u1ebf to\u00e1n bu\u1ed9c h\u1ecd ph\u1ea3i ghi gi\u1ea3m gi\u00e1 tr\u1ecb s\u1ed1 l\u01b0\u1ee3ng Bitcoin \u0111ang n\u1eafm gi\u1eef tr\u00ean b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n khi gi\u00e1 th\u1ecb tr\u01b0\u1eddng s\u1ee5t gi\u1ea3m t\u1ea1i c\u00e1c th\u1eddi \u0111i\u1ec3m b\u00e1o c\u00e1o. \u0110\u00e2y l\u00e0 kho\u1ea3n l\u1ed7 tr\u00ean gi\u1ea5y t\u1edd (ch\u01b0a th\u1ef1c hi\u1ec7n) v\u00e0 kh\u00f4ng ph\u1ea3n \u00e1nh d\u00f2ng ti\u1ec1n th\u1ef1c t\u1ebf t\u1eeb ho\u1ea1t \u0111\u1ed9ng kinh doanh.<\/p>\n
Ngu\u1ed3n thu ch\u00ednh c\u1ee7a c\u00f4ng ty \u0111\u1ebfn t\u1eeb ph\u00ed d\u1ecbch v\u1ee5 l\u01b0u k\u00fd t\u00e0i s\u1ea3n s\u1ed1 cho c\u00e1c t\u1ed5 ch\u1ee9c, ph\u00ed giao d\u1ecbch tr\u00ean n\u1ec1n t\u1ea3ng v\u00e0 c\u00e1c d\u1ecbch v\u1ee5 gi\u00e1 tr\u1ecb gia t\u0103ng kh\u00e1c nh\u01b0 cung c\u1ea5p h\u1ea1 t\u1ea7ng v\u00ed b\u1ea3o m\u1eadt v\u00e0 staking cho c\u00e1c qu\u1ef9 \u0111\u1ea7u t\u01b0 l\u1edbn.<\/p>\n
C\u00e1c chuy\u00ean gia tin r\u1eb1ng kho\u1ea3n l\u1ed7 n\u00e0y ch\u1ec9 l\u00e0 t\u1ea1m th\u1eddi v\u00e0 mang t\u00ednh k\u1ef9 thu\u1eadt. V\u1edbi vi\u1ec7c doanh thu c\u1ed1t l\u00f5i v\u1eabn t\u0103ng tr\u01b0\u1edfng v\u00e0 s\u1ed1 l\u01b0\u1ee3ng kh\u00e1ch h\u00e0ng t\u1ed5 ch\u1ee9c ng\u00e0y c\u00e0ng m\u1edf r\u1ed9ng, v\u1ecb th\u1ebf t\u00e0i ch\u00ednh th\u1ef1c t\u1ebf c\u1ee7a BitGo v\u1eabn r\u1ea5t v\u1eefng ch\u1eafc khi b\u01b0\u1edbc sang n\u0103m 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"
BitGo bao cao lo rong trong quy 4 do bien dong gia Bitcoin tren bang can doi ke toan, mac du doanh thu tu mang luu ky cho to chuc van tang truong manh.<\/p>\n","protected":false},"author":41,"featured_media":21823,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kadence_starter_templates_imported_post":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[3915],"tags":[4161,4158,4159,4160],"class_list":["post-21824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-bitgo-bao-cao-tai-chinh-quy-4","tag-bitgo-thua-lo-bitcoin","tag-doanh-thu-bitgo-tang-truong","tag-luu-ky-tai-san-so"],"taxonomy_info":{"category":[{"value":3915,"label":"Tin crypto m\u1edbi nh\u1ea5t"}],"post_tag":[{"value":4161,"label":"bitgo bao cao tai chinh quy 4"},{"value":4158,"label":"bitgo thua lo bitcoin"},{"value":4159,"label":"doanh thu bitgo tang truong"},{"value":4160,"label":"luu ky tai san so"}]},"featured_image_src_large":["https:\/\/nosmokesport.com\/wp-content\/uploads\/2026\/03\/bitgo-q4-loss-bitcoin-impairment-revenue-growth-2026-1024x538.png",1024,538,true],"author_info":{"display_name":"Minh Anh Nguy\u1ec5n","author_link":"https:\/\/nosmokesport.com\/vi\/author\/nosmokesportvi\/"},"comment_info":0,"category_info":[{"term_id":3915,"name":"Tin crypto m\u1edbi nh\u1ea5t","slug":"crypto","term_group":0,"term_taxonomy_id":3915,"taxonomy":"category","description":"Theo d\u00f5i tin crypto m\u1edbi nh\u1ea5t bao g\u1ed3m Bitcoin, Ethereum, c\u00f4ng ngh\u1ec7 blockchain v\u00e0 xu h\u01b0\u1edbng DeFi. NoSmokeSport cung c\u1ea5p c\u1eadp nh\u1eadt th\u1ecb tr\u01b0\u1eddng, ph\u00e2n t\u00edch chuy\u00ean s\u00e2u v\u00e0 th\u00f4ng tin quan tr\u1ecdng v\u1ec1 t\u00e0i ch\u00ednh s\u1ed1 trong m\u1ed9t n\u1ec1n t\u1ea3ng duy nh\u1ea5t.","parent":0,"count":100,"filter":"raw","cat_ID":3915,"category_count":100,"category_description":"Theo d\u00f5i tin crypto m\u1edbi nh\u1ea5t bao g\u1ed3m Bitcoin, Ethereum, c\u00f4ng ngh\u1ec7 blockchain v\u00e0 xu h\u01b0\u1edbng DeFi. NoSmokeSport cung c\u1ea5p c\u1eadp nh\u1eadt th\u1ecb tr\u01b0\u1eddng, ph\u00e2n t\u00edch chuy\u00ean s\u00e2u v\u00e0 th\u00f4ng tin quan tr\u1ecdng v\u1ec1 t\u00e0i ch\u00ednh s\u1ed1 trong m\u1ed9t n\u1ec1n t\u1ea3ng duy nh\u1ea5t.","cat_name":"Tin crypto m\u1edbi nh\u1ea5t","category_nicename":"crypto","category_parent":0}],"tag_info":[{"term_id":4161,"name":"bitgo bao cao tai chinh quy 4","slug":"bitgo-bao-cao-tai-chinh-quy-4","term_group":0,"term_taxonomy_id":4161,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":4158,"name":"bitgo thua lo bitcoin","slug":"bitgo-thua-lo-bitcoin","term_group":0,"term_taxonomy_id":4158,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":4159,"name":"doanh thu bitgo tang truong","slug":"doanh-thu-bitgo-tang-truong","term_group":0,"term_taxonomy_id":4159,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":4160,"name":"luu ky tai san so","slug":"luu-ky-tai-san-so","term_group":0,"term_taxonomy_id":4160,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/nosmokesport.com\/vi\/wp-json\/wp\/v2\/posts\/21824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nosmokesport.com\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nosmokesport.com\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nosmokesport.com\/vi\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/nosmokesport.com\/vi\/wp-json\/wp\/v2\/comments?post=21824"}],"version-history":[{"count":1,"href":"https:\/\/nosmokesport.com\/vi\/wp-json\/wp\/v2\/posts\/21824\/revisions"}],"predecessor-version":[{"id":21825,"href":"https:\/\/nosmokesport.com\/vi\/wp-json\/wp\/v2\/posts\/21824\/revisions\/21825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nosmokesport.com\/vi\/wp-json\/wp\/v2\/media\/21823"}],"wp:attachment":[{"href":"https:\/\/nosmokesport.com\/vi\/wp-json\/wp\/v2\/media?parent=21824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nosmokesport.com\/vi\/wp-json\/wp\/v2\/categories?post=21824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nosmokesport.com\/vi\/wp-json\/wp\/v2\/tags?post=21824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}