Exodus sells $73.2 million in crypto assets, increasing cash reserves to $74.4 million

Exodus sold $73.2 million worth of crypto assets in the first quarter of 2026, increasing cash, cash equivalents, and stablecoins from $5.2 million to $74.4 million. To acquire the W3C payment business, Exodus reduced its Bitcoin holdings by 63% (1,076 coins), transferring $70 million to USD reserves. During the same period, revenue declined 36.8% to $22.7 million, and net loss widened to $32.1 million (previously $12.9 million), mainly due to crypto asset losses reaching $36.4 million.