Trending Now - Exodus Liquidates 1,000+ Bitcoin Amid Soaring Q1 Losses

WHO:

NewsBTC - Exodus Movement is the crypto wallet company involved.

Cointelegraph - Exodus Movement reported the financial results.

WHAT:

NewsBTC - Exodus sold more than 1,000 Bitcoin in the first three months of 2026.

NewsBTC - The sale raised $73 million.

NewsBTC - Exodus cut its Bitcoin holdings from 1,704 to 628 coins, a reduction of roughly 63%.

Cointelegraph - Exodus reported a net loss of $32.1 million in Q1.

NewsBTC - Total revenue for the quarter fell to $22.7 million, down from $36 million during the same period a year ago, a decline of nearly 37%.

NewsBTC - Monthly active users slipped from 1.6 million to 1.5 million year over year.

NewsBTC - Quarterly funded users dropped 22% to 1.4 million from 1.8 million.

NewsBTC - Exodus posted a net loss of $32 million for the quarter, compared to a nearly $13 million loss in Q1 2025.

NewsBTC - The company's broader digital asset portfolio recorded a net loss of $36.4 million, driven by $76.8 million in unrealized losses, partially offset by $40.4 million in realized gains on asset exchanges.

NewsBTC - The company ended the quarter with nearly $73 million in cash, up from just $4.9 million at the close of 2025.

WHERE:

NewsBTC - The financial activities are related to Exodus Movement, which operates in the cryptocurrency sector.

WHEN:

NewsBTC - The Bitcoin sales occurred in the first three months of 2026.

NewsBTC - The financial results reported are for the quarter ended March 31.

WHY:

NewsBTC - Exodus pointed to macroeconomic pressures, including revised Federal Reserve growth projections and uncertainty around tariff policy, as contributing factors to the decline in earnings.

NewsBTC - The company warned that price swings in digital assets could continue to affect its results in coming quarters.

HOW:

NewsBTC - The proceeds from the Bitcoin sales were directed toward acquiring W3C Corp., the parent company of fintech firms Monavate and Baanx.

NewsBTC - Exodus rolled out a new product, XO Cash, a stablecoin toolkit built on Solana with payments company MoonPay.

(UPDATED May 13, 2026 11:46 UTC)

Exodus Movement, the cryptocurrency wallet company, reported that it sold over 1,000 Bitcoin in the first three months of 2026, raising $73 million, but also faced a net loss of $32.1 million for the quarter. The company's Bitcoin holdings were significantly reduced from 1,704 to 628 coins, and total revenue fell to $22.7 million, down nearly 37% from the same period last year. Despite these challenges, Exodus ended the quarter with nearly $73 million in cash, up from just $4.9 million at the close of 2025, as it directed proceeds from the Bitcoin sales toward acquiring W3C Corp. and launched a new stablecoin toolkit called XO Cash.