ChainCatcher report, according to CoinDesk, wallet service provider Exodus Movement (EXOD) sold approximately $73.2 million in crypto assets during the first quarter, reducing its Bitcoin holdings by 1,076 BTC—a 63% decline—to a remaining balance of 628 BTC, with the fair value of its assets falling from $149.2 million to $42.8 million. During the same period, it added 5,068 SOL, increasing its total SOL holdings to 17,541 SOL. The company stated that the proceeds were primarily used to acquire the W3C payment business and settle upcoming consideration obligations, with over $70 million converted into U.S. dollar reserves, raising its cash, cash equivalents, and stablecoin balance from $5.2 million to $74.4 million. Due to impairments and disposals of crypto assets, Exodus’s first-quarter revenue declined 36.8% year-over-year to $22.7 million, with net losses expanding to $32.1 million.
Exodus Sells Over 1,000 BTC to Fund Payment Business Acquisition
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Summary
Exodus sold 1,076 BTC in Q1 2026, valued at $73.2 million, to fund the acquisition of W3C’s payment business. BTC price movements influenced the timing of the sale, reducing its holdings by 63% to 628 BTC. The firm increased its USD reserves to $74.4 million from $5.2 million. Revenue declined 36.8% to $22.7 million, with a net loss of $32.1 million. Analysts suggest that altcoins to watch may gain traction as BTC price volatility reshapes market strategies.
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