Exodus Movement Sells 1,076 Bitcoin to Fund Global Payments Expansion

"Exodus Movement reduced its bitcoin treasury by approximately 63% in Q1 2026, selling 1,076 bitcoin between January and March. The liquidation left the firm with 628 BTC at the end of the quarter, down from 1,704 BTC held on Dec. 31, 2025. The proceeds from the digital asset disposals totaled $73.2 million during the period, and the move was framed as a calculated maneuver rather than a reaction to market distress."

"The proceeds from the digital asset disposals, which totaled $73.2 million during the period, were utilized to bolster cash reserves for the acquisition of W3C Corp. and its subsidiaries, Monavate and Baanx. Exodus closed the deal for the card and payments infrastructure providers on May 1, 2026. While the bitcoin treasury shrank, the company's cash and stablecoin position ballooned, with cash and cash equivalents rising from $4.9 million at the end of 2025 to $72.9 million by March 31."

"Despite the strengthened cash position, the quarterly report reflected the challenges of a softer retail crypto market. Exodus reported total revenue of $22.7 million for the quarter, a 36.8% decline from the $36.0 million recorded in the same period last year. The company's net loss widened significantly to $32.1 million, compared to a $12.9 million loss in Q1 2025, with the bottom line largely attributed to a $36.4 million net loss on digital assets, including realized losses from sales and unrealized impairments due to market volatility."

Exodus Movement reduced its bitcoin treasury by about 63% during Q1 2026 by selling 1,076 BTC between January and March. The company ended the quarter with 628 BTC, down from 1,704 BTC at Dec. 31, 2025. Proceeds from digital asset disposals totaled $73.2 million and were used to strengthen cash reserves for the May 1, 2026 purchase of Monavate and Baanx, along with W3C Corp. and its subsidiaries. Cash and cash equivalents increased from $4.9 million at year-end to $72.9 million by March 31. Total revenue fell to $22.7 million, and the net loss widened to $32.1 million, driven largely by a $36.4 million net loss on digital assets.

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