Baanx

2026-07-06 09:18:15

Exodus Sells Over 1,000 Bitcoin in Q1 to Fund Payments Expansion

Exodus sharply reduced its Bitcoin holdings in Q1 while boosting cash reserves to support its W3C payments deal. Revenue fell and losses widened, but the company is shifting capital toward payments infrastructure and stablecoin expansion.

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Exodus Sells Over 1,000 Bitcoin in Q1 to Fund Payments Expansion
2026-07-06 09:17:13

Exodus Sells 1,076 Bitcoin to Raise $70M+ for Payments Empire Acquisition

Exodus Movement slashed Bitcoin holdings by 1,076 BTC in Q1 2026, raising over $70 million in cash to fund its W3C payments deal. Revenue fell 36.8% to $22.7M, net loss widened to $32.1M. Cash and stablecoins surged to $74.4M, signaling a strategic pivot from crypto holdings to payment infrastructure.

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Exodus Sells 1,076 Bitcoin to Raise $70M+ for Payments Empire Acquisition
2026-07-06 09:17:13

Exodus Sells 1,076 BTC to Raise $74.4M, Accelerates Payments Empire Expansion

Exodus Movement cut its bitcoin holdings by 63% in Q1 2026, selling 1,076 BTC and accumulating Solana, as it converted assets into cash to fund the W3C payments acquisition. Revenue fell 36.8% and net loss widened to $32.1M, but cash reserves surged to $74.4M. The stock dropped 3.1% in pre-market.

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Exodus Sells 1,076 BTC to Raise $74.4M, Accelerates Payments Empire Expansion