Exodus Movement acquires Monavate and Baanx shares, gaining full control of payment infrastructure.

Exodus Movement, a self-custodial crypto platform, acquired all outstanding shares of Monavate Holdings Limited and Baanx.com Ltd. from UK-appointed receivers after W3C Corp defaulted on a loan. The purchase price was $76.27 million, matching the loan's principal and interest. This acquisition gives Exodus ownership of card and payment infrastructure, reducing reliance on third parties and enabling it to issue payment cards via Visa, Mastercard, and Discover. The move expands Exodus's product offerings and geographic reach across the US, UK, and EU, supporting new fintech and crypto services.