PANews, June 17 – Digital asset infrastructure company BitGo announced that its board of directors has approved a stock repurchase program, under which the company may repurchase up to $50 million of its common stock, representing approximately 8% of the company’s outstanding Class A shares (based on the current stock price). The authorization is effective immediately and has no fixed expiration date. Possibly boosted by this news, BitGo (BTGO) shares surged as much as 20%.