Exodus sold 1,076 BTC in Q1 2026 to fund $175M W3C payments acquisition, shifting focus to crypto payments.

Exodus Movement sold 1,076 bitcoin in Q1 2026, reducing its holdings to 628 BTC and raising $73.2 million to fund its $175 million acquisition of W3C's payments subsidiaries, Monavate and Baanx. This deal adds card-issuing and payments infrastructure to Exodus's self-custody wallet, positioning it as a crypto-native payments platform. Despite a 36.8% revenue drop to $22.7 million and a widened net loss to $32.1 million due to lower trading volumes and crypto price declines, Exodus aims to compete with fintech stablecoin offerings through its new payments stack and stablecoin initiatives.