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

Market News
12 May 2026
Crypto news
View Source
Bearish
pluang ai news

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.

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