Crypto Firm Exodus Drains 63% Of Its Bitcoin | Crypto News
Exodus Movement bought more than 1,000 Bitcoin in the first three months of 2026 to fund a push into financial technology, raising $73 million in the method.
The crypto pockets company cut its Bitcoin holdings from 1,704 to 628 cash by March 31 — a discount of roughly 63% — with practically all the proceeds directed toward buying W3C Corp., the dad or mum company of fintech companies Monavate and Baanx.
Revenue Takes A Sharp Hit
The Bitcoin gross sales got here as Exodus reported a steep drop in earnings. Total income for the quarter ended March 31 fell to $22.7 million, down from $36 million during the same period a 12 months in the past — a decline of practically 37%.
Exchange aggregation, which accounts for the majority of company income, took the toughest hit, falling nearly $14 million as person trading exercise slowed considerably.
Monthly energetic customers slipped from 1.6 million to 1.5 million 12 months over 12 months. Quarterly funded customers dropped even more sharply, falling 22% to 1.4 million from 1.8 million.
Exodus pointed to macroeconomic pressures — including revised Federal Reserve growth projections and uncertainty around tariff coverage — as contributing elements. The company also warned that price swings in digital property might continue to have an effect on its outcomes in coming quarters.
Net Loss More Than Doubled
The financial outcomes mirrored more than just a drop in trading. Exodus posted a internet loss of $32 million for the quarter, in contrast to a practically $13 million loss in Q1 2025.
The company’s broader digital asset portfolio recorded a internet loss of $36.4 million, pushed by $76.8 million in unrealized losses, though partially offset by $40.4 million in realized positive aspects on asset exchanges.
On the steadiness sheet, money and money equivalents rose sharply. The company ended the quarter with practically $73 million in money, up from just $4.9 million at the close of 2025.
New Products In The Pipeline
Even as the core business contracted, Exodus rolled out a new product. XO Cash, a stablecoin toolkit constructed on Solana with funds company MoonPay, permits AI brokers to make purchases through Visa’s fee community without exposing person non-public keys.
Featured image from Getty Images/GeorgeManga, chart from TradingView
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