Exodus Movement sold more than 1,000 Bitcoin in the first three months of 2026 to fund a push into financial technology, raising $73 million in the process. Related Reading: Bitcoin Bulls Awaken As Rare Golden Cross Signal Flashes On Charts The crypto wallet company cut its Bitcoin holdings from 1,704 to 628 coins by March 31 — a reduction of roughly 63% — with nearly all the proceeds directed toward acquiring W3C Corp., the parent company of fintech firms Monavate and Baanx. Revenue Takes A Sharp Hit The Bitcoin sales came as Exodus reported a steep drop in earnings. Total revenue for the quarter ended March 31 fell to $22.7 million, down from $36 million during the same period a year ago — a decline of nearly 37%. Exchange aggregation, which accounts for the bulk of company income, took the hardest hit, falling almost $14 million as user trading activity slowed significantly. Monthly active users slipped from 1.6 million to 1.5 million year over year. Quarterly funded users dropped even more sharply, falling 22% to 1.4 million from 1.8 million. Exodus pointed to macroeconomic pressures — including revised Federal Reserve growth projections and uncertainty around tariff policy — as contributing factors. The company also warned that price swings in digital assets could continue to affect its results in coming quarters. Net Loss More Than Doubled The financial results reflected more than just a drop in trading. Exodus posted a net loss of $32 million for the quarter, compared to a nearly $13 million loss in Q1 2025. The company&#8217;s broader digital asset portfolio recorded a net loss of $36.4 million, driven by $76.8 million in unrealized losses, though partially offset by $40.4 million in realized gains on asset exchanges. On the balance sheet, cash and cash equivalents rose sharply. The company ended the quarter with nearly $73 million in cash, up from just $4.9 million at the close of 2025. New Products In The Pipeline Even as the core business contracted, Exodus rolled out a new product. XO Cash, a stablecoin toolkit built on Solana with payments company MoonPay, allows AI agents to make purchases through Visa&#8217;s payment network without exposing user private keys. Related Reading: Shiba Inu Bullish Momentum Explodes As Buying Pressure Intensifies Featured image from Getty Images/GeorgeManga, chart from TradingView

قامت حركة إكسودوس ببيع أكثر من 1000 بيتكوين في الربع الأول من عام 2026، مما خفض احتياطياتها بنحو 63% لتمويل استحواذها على شركة W3C، وجمعت 73 مليون دولار في هذه العملية. أفادت الشركة بخسارة كبيرة بلغت 32.1 مليون دولار للربع، مما ضاعف خسائرها على أساس سنوي، مع انخفاض الإيرادات الإجمالية بنحو 37% إلى 22.7 مليون دولار.

Exodus Movement ha vendido más de 1,000 Bitcoin en el primer trimestre de 2026, reduciendo sus reservas en aproximadamente un 63% para financiar su adquisición de W3C Corp., recaudando así 73 millones de dólares. La compañía reportó una pérdida significativa de 32.1 millones de dólares para el trimestre, duplicando sus pérdidas año tras año, con ingresos totales cayendo casi un 37% a 22.7 millones de dólares.

Exodus Movement a vendu plus de 1 000 Bitcoin au cours du premier trimestre de 2026, réduisant ses réserves d'environ 63 % pour financer son acquisition de W3C Corp., levant ainsi 73 millions de dollars. L'entreprise a enregistré une perte significative de 32,1 millions de dollars pour le trimestre, doublant ses pertes d'une année sur l'autre, avec un chiffre d'affaires total en baisse de près de 37 % à 22,7 millions de dollars.

Exodus Movement has sold over 1,000 Bitcoin in the first quarter of 2026, reducing its reserves by approximately 63% to fund its acquisition of W3C Corp., raising $73 million in the process. The company reported a significant loss of $32.1 million for the quarter, doubling its losses year over year, with total revenue dropping nearly 37% to $22.7 million.

Crypto Firm Exodus Drains 63% Of Its Bitcoin Reserves As Q1 Loss Doubled Year Over Year

This post was updated with relevant X posts from crypto.news. Kevin Warsh was sworn in as the 17th Chair of the Federal Reserve on May 22, 2026, after the Senate confirmed him 54-45, the closest vote in the central bank&#8217;s&#8230;

تم تنصيب كيفن وارش كرئيس السابع عشر للاحتياطي الفيدرالي في 22 مايو 2026، بعد تصويت تأكيد ضيق من مجلس الشيوخ بلغ 54-45، مما يمثل واحدة من أقرب التصويتات في تاريخ البنك المركزي.

Kevin Warsh fue juramentado como el 17º presidente de la Reserva Federal el 22 de mayo de 2026, tras una estrecha votación de confirmación del Senado de 54 a 45, marcando una de las votaciones más ajustadas en la historia del banco central.

Kevin Warsh a prêt serment en tant que 17e président de la Réserve fédérale le 22 mai 2026, après un vote de confirmation étroit du Sénat de 54 à 45, marquant l'un des votes les plus serrés de l'histoire de la banque centrale.

Kevin Warsh was sworn in as the 17th Chair of the Federal Reserve on May 22, 2026, following a narrow Senate confirmation vote of 54-45, marking one of the closest votes in the history of the central bank.

Crypto Firm Exodus Drains 63% Of Its Bitcoin Reserves As Q1 Loss Doubled Year Over Year

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