Exodus Motion reported a internet lack of $32.1 million for the primary quarter of 2026, greater than double the $12.9 million loss recorded in the identical interval final 12 months, because the crypto pockets firm liquidated the majority of its Bitcoin treasury to fund acquisitions.
Complete income got here in at $22.7 million for the three months ended March 31, down 36.8% from $36 million a 12 months earlier, the corporate introduced Monday. Trade aggregation, the corporate’s foremost enterprise line, drove a lot of the decline, sliding $13.8 million, or 40.8%, as consumer buying and selling volumes dried up.
Month-to-month lively customers dipped to 1.5 million from 1.6 million a 12 months in the past, whereas quarterly funded customers fell extra sharply, dropping 22.2% to 1.4 million from 1.8 million.
The corporate cited macroeconomic pressures, together with the Federal Reserve’s revised progress outlook and uncertainty across the administration’s tariff coverage, as main drivers of the market-side harm. “The Firm expects that volatility in digital asset costs will proceed and should end in vital fluctuations within the Firm’s outcomes of operations in future durations,” it added.
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Exodus sells 63% of its Bitcoin stash
Exodus held 1,704 BTC on the finish of December 2025. By March 31, that place had been minimize to 628 BTC, a discount of roughly 63% in unit phrases. The corporate raised $73.2 million by means of the gross sales throughout the quarter, almost all of which was earmarked to fund its push to accumulate W3C Corp., the holding firm behind fintech corporations Monavate and Baanx.
The corporate’s broader digital asset portfolio swung to a internet lack of $36.4 million, reflecting $76.8 million in unrealized losses partly offset by $40.4 million in realized good points on asset exchanges.
On the finish of the quarter, the corporate held $72.9 million in money and money equivalents, up from $4.9 million at year-end 2025.
Exodus shares drop. Supply: Yahoo! Finance
Exodus shares fell 5.75% to $7.71 on Might 12 and slipped an additional 3.11% to $7.47 in pre-market commerce.
Associated: Bitcoin change reserves fall to two-year low after $8B exodus
Exodus launches XO Money in push into AI brokers
As Cointelegraph reported, Exodus has rolled out XO Money, a Solana-based stablecoin toolkit constructed with MoonPay that lets AI brokers spend cash by means of Visa’s cost rails with out exposing a consumer’s personal keys.
Builders can spin up agent-linked wallets, cap each day spending, limit retailers and difficulty digital debit playing cards by means of Exodus Pay balances. Funds settle mechanically in USDC (USDC) or USDt (USDT) by way of infrastructure from Monavate, and transactions carry no charges.
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