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 yr, 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 yr earlier, the corporate announced Monday. Change aggregation, the corporate’s major enterprise line, drove a lot of the decline, sliding $13.8 million, or 40.8%, as person buying and selling volumes dried up.
Month-to-month lively customers dipped to 1.5 million from 1.6 million a yr 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 injury. “The Firm expects that volatility in digital asset costs will proceed and will end in important fluctuations within the Firm’s outcomes of operations in future intervals,” it added.
Associated: How AI grew to become crypto’s favourite purpose to chop employees
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 lower to 628 BTC, a discount of roughly 63% in unit phrases. The corporate raised $73.2 million by way of gross sales throughout the quarter, nearly all of which was earmarked to fund its push to amass W3C Corp., the holding firm behind fintech companies 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 partially offset by $40.4 million in realized positive aspects 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 extra 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 way of Visa’s fee rails with out exposing a person’s personal keys.
Builders can spin up agent-linked wallets, cap day by day spending, prohibit retailers and situation digital debit playing cards by way of Exodus Pay balances. Funds settle robotically in USDC (USDC) or USDt (USDT) through infrastructure from Monavate, and transactions carry no charges.
Journal: AI-driven hacks could kill DeFi — unless projects act now
