Core Insights - Exodus Movement, Inc. has ended 2025 with a debt-free balance sheet, highlighting its strong capital management during a period of product expansion [1][2] Financial Performance - The company fully repaid its debt to Galaxy Digital related to the acquisition of W3C, entering 2026 without any debt [2] - Monthly Active Users (MAUs) remained stable at 1.5 million as of December 31, 2025, unchanged from the previous month, indicating a loyal customer base [2] - Exchange provider processed volume for December 2025 was $360 million, a decrease from $549 million in November 2025, with 21% of December's volume coming from XO Swap partners compared to 36% in November [3] Digital Asset Holdings - As of December 31, 2025, Exodus held 1,704 BTC, down from 1,902 BTC in November 2025; 1,898 ETH, down from 2,802 ETH; and 12,473 SOL, down from 31,050 SOL [7]

Core Insights - Exodus Movement (EXOD) and CleanSpark (CLSK) are significant players in the cryptocurrency market, with EXOD focusing on self-custodial wallets and Web3 financial services, while CLSK is primarily a Bitcoin miner [1][2] Exodus Movement (EXOD) - EXOD has a market cap of over $3 trillion in cryptocurrency and has entered the stablecoin market, achieving $26 trillion in stablecoin transaction volume [3][4] - Revenues for EXOD increased by 51% year-over-year due to rising digital asset prices throughout 2025 [3] - The company experienced an 82% year-over-year growth in swap volume in Q3 2025, with 28% of this volume coming from B2B swaps [5] - EXOD has a robust balance sheet with $315 million in digital and liquid assets and no debt, leading to optimistic earnings growth projections [6] - The Zacks Consensus Estimate for EXOD's 2025 earnings has been revised upward in the past 60 days [6] CleanSpark (CLSK) - CLSK is transitioning from a Bitcoin mining company to a diversified digital infrastructure model, focusing on opportunities in the AI and high-performance computing (HPC) markets [8][9] - The company has a significant electricity and land portfolio of 1.3 gigawatts across the U.S. to support this transition [8] - CLSK has acquired a 285 MW site in Texas for an AI campus and identified a 250 MW site in Georgia for AI development [10] - Despite the transition, CLSK faces intense competition from other crypto mining companies and hyperscalers, which may constrain its bottom line [11] - The Zacks Consensus Estimate for CLSK's fiscal 2026 earnings has been revised downward in the past 30 days [11] Price Performance and Valuation - Over the past six months, EXOD shares have decreased by 53.8%, while CLSK shares have increased by 14.6% [12] - In terms of valuation, EXOD trades at a forward 12-month price-to-sales (P/S) multiple of 3.58X, compared to CLSK's 3.49X [13] Conclusion - EXOD is currently performing better in the crypto market, focusing on self-custodial wallets and stablecoin payments, while CLSK is pivoting towards AI and HPC infrastructure amidst competition and costs [15]

Exodus Movement, Inc. (NYSE American: EXOD), a self-custodial digital asset platform, announced a partnership with MoonPay in order to launch a fully reserved, USD-backed dollar stablecoin that will power digital dollar experiences across the Exodus ecosystem. The asset will reportedly be “issued and managed by MoonPay and developed using M0’s open stablecoin infrastructure.”The launch builds on Exodus Pay, an everyday payment experience in the Exodus app that will “let customers use stablecoins to spend an ...

Securitize is launching the compliant, onchain trading experience for natively tokenized public stocks in Q1 2026. As clarified in the update, this is not a synthetic price tracker or an IOU against a custodian. As explained by Securitize, these are real, regulated shares: issued onchain, “recorded directly on the issuer’s cap table, and tradable through a Web3 swap-style experience.”For investors, it sort of feels like DeFi. Under the hood or behind the scenes, it meets “standards of investor protection, m ...

The stablecoin is fully backed by U.S. dollar deposits, issued and managed by MoonPayOMAHA, Neb., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE American: EXOD) (“Exodus”), a leading self-custodial digital asset platform, today announced a partnership with MoonPay to launch a fully reserved, USD-backed dollar stablecoin that will power digital dollar experiences across the Exodus ecosystem. The asset will be issued and managed by MoonPay and developed using M0’s open stablecoin infrastructure ...

Crypto wallet provider Exodus (EXOD) is entering the stablecoin market with the launch of a fully reserved, USD-backed stablecoin in partnership with fintech firm MoonPay. MoonPay will issue and manage the stablecoin, with support from stablecoin infrastructure provider M0. The token is expected to go live in January 2026, with network and product details to follow. The move places Exodus among a small group of public companies behind stablecoin products, including Circle (USDC), PayPal (PYUSD) and Fise ...

Core Insights - Exodus Movement, Inc. has announced an agreement to acquire W3C, utilizing its treasury to facilitate strategic acquisitions [2] - As of November 30, 2025, Exodus holds 1,902 BTC, 2,802 ETH, and 31,050 SOL in its corporate treasury, reflecting changes in asset holdings compared to the previous month [1] - Monthly Active Users (MAUs) decreased to 1.5 million in November 2025 from 1.6 million in October 2025 [3] - The processed volume through Exodus' exchange provider was $549 million in November 2025, down from $683 million in October 2025 [4] Digital Asset Holdings - Bitcoin (BTC) holdings decreased from 2,147 BTC in October 2025 to 1,902 BTC in November 2025, with 1,116 BTC pledged as collateral [1] - Ethereum (ETH) holdings increased slightly from 2,784 ETH in October 2025 to 2,802 ETH in November 2025 [1] - Solana (SOL) holdings saw a significant decrease from 49,567 SOL in October 2025 to 31,050 SOL in November 2025 [1] User Metrics - The number of Monthly Active Users (MAUs) fell to 1.5 million as of November 30, 2025, compared to 1.6 million in the previous month [3] Exchange Volume - The total processed volume through Exodus' exchange provider was $549 million in November 2025, a decrease from $683 million in October 2025 [4] - Of the November volume, $200 million (36%) came from XO Swap partners, compared to $251 million (37%) in October 2025 [4]

Exodus Pay is a self-custodial payments platform built for consumers with zero crypto experience. The waitlist opens today. OMAHA, Neb., Dec. 09, 2025 (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE American: EXOD) (“Exodus” or the “Company”) today announced Exodus Pay, the first step in Exodus’ evolution from a self-custodial digital asset wallet into a single app for holding, spending, and sending digital dollars, without compromising self-custody. Exodus Pay leverages the power of stablecoins, giving use ...

Exodus Movement (EXOD) announced on Tuesday bitcoin holdings of 1,902 as of November 30, down from 2,147 BTC as of October 31. The company held 2,802 Ethereum as of November 30, compared to 2,784 as of October 31, and 31,050 Solana tokens as ...

Core Insights - Exodus Movement, Inc. has updated its digital asset holdings and user metrics as of November 30, 2025, indicating a strategic focus on treasury management and operational financing [1][3][4] Digital Asset Holdings - Bitcoin (BTC) holdings decreased from 2,147 BTC on October 31, 2025, to 1,902 BTC on November 30, 2025, with 1,116 BTC pledged as collateral under a credit facility with Galaxy Digital [1] - Ethereum (ETH) holdings increased from 2,784 ETH to 2,802 ETH during the same period [2] - Solana (SOL) holdings saw a significant decrease from 49,567 SOL to 31,050 SOL [2] User Metrics - Monthly Active Users (MAUs) decreased from 1.6 million in October 2025 to 1.5 million in November 2025 [4] Exchange Provider Processed Volume - The exchange provider processed volume for October 2025 was $549 million, with $200 million (36%) from XO Swap partners, compared to $683 million in September 2025, where $251 million (37%) originated from XO Swap partners [5] Strategic Acquisitions - The CFO of Exodus highlighted the acquisition of W3C as a strategic move to utilize the treasury for future cash needs, emphasizing that the majority of the treasury was earned through business operations rather than being a "Digital Asset Treasury" company [3] Company Overview - Exodus is a financial technology leader focused on providing secure and user-friendly crypto software solutions, with a commitment to making digital assets accessible since 2015 [6][7]