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.
Revenue Takes A Sharp HitExchange 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.
Net Loss More Than DoubledThe company’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 PipelineEven 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’s payment network without exposing user private keys.
Featured image from Getty Images/GeorgeManga, chart from TradingView
