🔥 UPDATE: Exodus Movement increased its $BTC treasury to 2,123 $BTC by September’s end. https://t.co/yrIlhHzDac ...

Operations continue to generate Bitcoin; Treasury grows to 2,123 BTCOMAHA, Neb., Oct. 09, 2025 (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE American: EXOD) ("Exodus" or “the company”), a leading self-custodial cryptocurrency platform, today announced an update to selected digital asset holdings of Exodus’ corporate treasury, as well as updated user and exchange provider processed volume metrics, as of September 30, 2025:Selected Digital Asset Holdings (Unaudited)Bitcoin (BTC): 2,123 BTC as of September 3 ...

Group 1: Exodus Movement, Inc. (EXOD) - Exodus Movement, Inc. shares increased by 12.1% in the last trading session, closing at $32, with notable trading volume compared to typical sessions [1] - The stock has gained 5.8% over the past four weeks, benefiting from the increased adoption of stablecoins and strategic partnerships, including integration with MetaMask [1] - The company focuses on simplifying crypto access through innovative products like XO Swap and XO Pay [1] Group 2: Financial Performance Expectations - Exodus Movement is expected to report a quarterly loss of $0.02 per share, reflecting a year-over-year change of -166.7% [2] - Revenue expectations for the upcoming report are $25.25 million, which is a 25.5% increase from the same quarter last year [2] - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days, indicating that stock price movements may not continue without trends in earnings estimate revisions [3] Group 3: Industry Context - Exodus Movement, Inc. is part of the Zacks Internet - Software industry, which includes other companies like Affirm Holdings [3] - Affirm Holdings has seen a 1.5% decrease in its stock price, closing at $81.53, with a return of 6.1% over the past month [3] - The consensus EPS estimate for Affirm Holdings has increased by 27.2% over the past month, representing a change of +132.3% from the previous year [4]

Core Insights - Exodus Movement, a crypto software firm, has experienced a nearly 10% increase in its shares over the past month, outperforming the broader market [1][6] - The company's stock, trading under the ticker EXOD on the NYSE American, closed at $29.26 on September 19, reflecting a 3.61% daily increase from the previous day [2][6] Company Developments - Exodus was the first U.S.-listed company to tokenize its common stock in 2021, issuing digital representations of its Class A shares on the Algorand blockchain [4][6] - In August, Exodus partnered with fintech startup Superstate to expand its tokenization efforts, planning to launch stock tokens on multiple major blockchains, starting with Solana [5][4] Industry Trends - The trend of tokenized stocks is gaining traction among fintech companies, with other firms like Galaxy also offering similar options [7][6] - Despite the growing interest in tokenized stocks, regulatory frameworks in the U.S. are lagging behind the adoption of these financial innovations [7][8]

Group 1 - The recommendation is a BUY on Exodus Movement, Inc. (NYSE: EXOD), suggesting a pilot position at current prices and staggered buys on dips [1] - The company has focused its business on compliance, which helps it avoid regulatory issues [1] - Mr. Arunangshu Das is developing Tranzoro Investments to assist US investors in understanding Indian markets and vice versa, focusing on liquid and well-known India-focused ETFs and ADRs [1] Group 2 - Mr. Das is characterized as an income+growth focused investor [1]

Group 1: Stock Performance and Price Targets - Exodus Movement, Inc. (EXOD) closed at $27.49, with a 0.6% gain over the past four weeks, and a mean price target of $56.86 indicating a 106.8% upside potential [1] - The average price target ranges from a low of $45.00 to a high of $70.00, with a standard deviation of $8.99, suggesting a potential increase of 63.7% to 154.6% from the current price [2] - Analysts show strong agreement on the company's ability to report better earnings, which supports the view of potential upside [4] Group 2: Analyst Insights and Earnings Estimates - Analysts' growing optimism regarding EXOD's earnings prospects is reflected in the upward revisions of EPS estimates, which correlate with near-term stock price movements [9] - Over the last 30 days, two estimates have increased, leading to a Zacks Consensus Estimate increase of 158% [10] - EXOD holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [11] Group 3: Price Target Reliability - While consensus price targets are popular among investors, their reliability as indicators of stock price direction is often questioned [3][5] - Analysts may set overly optimistic price targets due to business incentives, which can lead to inflated estimates [6] - A low standard deviation in price targets indicates a high degree of agreement among analysts, serving as a starting point for further research [7]

Core Insights - Exodus Movement, Inc. is considering a potential quarterly Bitcoin dividend for shareholders, supported by an increase in its Bitcoin treasury [4] - As of August 31, 2025, Exodus holds 2,116 BTC, up from 2,087 BTC in July 2025, indicating operational strength [1] - The company reported a decrease in Monthly Active Users (MAUs) to 1.6 million in August 2025 from 1.7 million in July 2025 [2] - Exchange provider processed volume for August 2025 was $572 million, down from $632 million in July 2025, with a consistent contribution from XO Swap partners [3] Digital Asset Holdings - Bitcoin (BTC): 2,116 BTC as of August 31, 2025, compared to 2,087 BTC as of July 31, 2025 [1] - Ethereum (ETH): 2,756 ETH as of August 31, 2025, compared to 2,742 ETH as of July 31, 2025 [1] - Solana (SOL): 43,738 SOL as of August 31, 2025, compared to 34,578 SOL as of July 31, 2025 [1] User Metrics - Monthly Active Users (MAUs): 1.6 million as of August 31, 2025, down from 1.7 million in July 2025 [2] - Passkeys wallets: Approximately 11,000 as of August 31, 2025, compared to 20,000 in July 2025 [2] Exchange Volume - Processed volume for August 2025: $572 million, down from $632 million in July 2025 [3] - XO Swap partners contributed $149 million (26%) to the August volume, compared to $149 million (24%) in July [3]

Summary of Exodus Movement (EXOD) FY Conference Call Company Overview - **Company**: Exodus Movement (EXOD) - **Industry**: Cryptocurrency and Digital Assets - **Core Product**: Leading crypto wallet provider that allows users to secure, manage, and exchange cryptocurrencies with a focus on self-custody and user experience [2][3] Key Points and Arguments Company History and Strategy - **Founding**: Established in late 2014 by two founders with backgrounds in software development and creative design, motivated by distrust in centralized institutions and the need for self-custody solutions [6][7] - **User Experience Focus**: Emphasis on creating a user-friendly interface and exceptional customer service, aiming to consolidate multiple wallets into one multi-chain wallet [8][9] - **Monetization Strategy**: Initially monetized through partnerships with exchanges for transaction swaps, leading to significant volume and user engagement [9][10] Recent Performance - **Q2 Revenue**: Reported approximately $26 million in revenue, showing year-over-year growth [18] - **Treasury Growth**: Current treasury valued at around $315 million, consisting of cash and cryptocurrencies (Bitcoin, Ethereum, Solana) with no debt [18] - **User Base**: Active user count reached approximately 1.7 million as of July, with a user base that is roughly two-thirds international [14][15] Partnerships and Collaborations - **MetaMask Partnership**: Collaborating with MetaMask to enhance cross-chain capabilities, allowing users to swap assets seamlessly across different chains [25][28] - **Other Partnerships**: Working with major players like Ledger (hardware wallet) and Magic Eden (NFT exchange) to expand service offerings [30][31] Technological Innovations - **Wallet Technology**: Development of passkeys and multi-chain wallet creation technology aimed at improving user experience and reducing friction in transactions [12][13] - **Future Developments**: Plans to support a wide range of stablecoins and facilitate seamless transactions between different digital assets without users needing to know the underlying tokens [34][38] Market Position and Growth Strategy - **Market Presence**: Positioned as a unique player in the crypto wallet space, being one of the few publicly traded companies focused on infrastructure rather than mining [3] - **User Acquisition Strategy**: Increased marketing efforts in Q2, including participation in major events like Bitcoin Las Vegas, to boost user engagement and brand visibility [50][51] - **Future Opportunities**: Exploring ways to further monetize the user base and enhance wallet functionality while evaluating new partnerships and technological advancements [48][65] Additional Important Insights - **Tokenization of Equity**: Exodus has tokenized its equity, allowing users to buy shares using stablecoins, which could lead to innovative financial products and services [58][60] - **Bitcoin Acquisition Strategy**: The company pays salaries in Bitcoin and receives a significant portion of its revenue in Bitcoin, contributing to a growing Bitcoin treasury [62][64] - **Global Reach**: The wallet supports transactions across 40 different networks, providing extensive coverage for users worldwide [67] Conclusion Exodus Movement is positioned as a leading player in the cryptocurrency wallet industry, focusing on user experience, innovative technology, and strategic partnerships to drive growth and expand its market presence. The company is actively exploring new monetization strategies and technological advancements to enhance its offerings and user engagement in the rapidly evolving digital asset landscape [74][76]

Summary of Exodus Movement (EXOD) Conference Call - August 12, 2025 Industry Overview - The conference focused on the cryptocurrency industry, featuring discussions from leaders of major companies including Mara Holdings, Exodus Movement, and Coincheck Group NV [1][2]. Key Companies and Their Insights Mara Holdings - **Company Overview**: Largest publicly traded bitcoin miner, established in 2017, raised approximately $6 billion in capital [3][4]. - **Bitcoin Holdings**: Holds over 50,000 bitcoins, with more than half self-mined [4]. - **Operational Focus**: Converts underutilized energy into computing power for bitcoin mining, operates 16 data centers across four continents [5]. - **Recent Investment**: Acquired majority control of French company Xion, focusing on low carbon energy and AI opportunities in Europe and the Middle East [6]. Exodus Movement - **Company Overview**: Only publicly traded self-custodial digital asset wallet, operational for ten years, supports over 40 blockchain networks [7][8]. - **Unique Offerings**: Introduced a common stock token and partnerships with major industry players like Ledger and MetaMask [8][9]. - **Revenue Model**: Generates revenue in bitcoin and requires employees to accept salaries in bitcoin, holding over 2,000 bitcoins in treasury [74]. Coincheck Group NV - **Company Overview**: Headquartered in the Netherlands, operates one of Japan's largest crypto exchanges [11][12]. - **Recent Partnership**: Collaborated with Makari, integrating Coincheck API into their super app, which has 23 million daily active users [12][13]. - **Strategic Vision**: Aims to be a global crypto service financial holding company, focusing on acquisitions and global opportunities [14]. Core Perspectives on Digital Assets - **Regulatory Landscape**: All speakers emphasized the inevitability of global regulation in the crypto space, with a shift towards traditional financial integration [17][20]. - **Tokenization**: The belief that everything will eventually be tokenized, extending beyond finance to areas like identity and property [27][34]. - **Market Dynamics**: Discussion on the proliferation of stablecoins and the potential for a universal currency model, with the U.S. dollar remaining dominant [25][36]. Investment Strategies and Market Trends - **Bitcoin as an Asset**: Mara Holdings views bitcoin as a long-term hold, similar to gold mining, with expectations of continued appreciation despite volatility [63][70]. - **Corporate Treasury Strategies**: Increasing interest from companies like Tesla and Apple in holding bitcoin as part of their treasury strategies [76][80]. - **Market Disruption**: Predictions of significant disruption in traditional financial markets due to the rise of crypto, with potential declines in national stock exchanges [43][44]. Additional Insights - **Quantum Computing Risks**: Concerns about the future impact of quantum computing on bitcoin security, with discussions on the need for quantum-resistant technologies [81][86]. - **Self-Custody vs. Custodial Services**: Ongoing debate about the advantages and challenges of self-custody in crypto, particularly among older generations [108][111]. - **Competitive Landscape**: The crypto ecosystem is highly competitive, with varying fee structures and user experiences across platforms [94][99]. Conclusion - The conference highlighted the rapid evolution of the cryptocurrency industry, the importance of regulatory clarity, and the potential for significant market disruption as digital assets become more integrated into traditional finance. The insights from key industry players underscore the ongoing transformation and the need for adaptability in investment strategies.

Group 1: Earnings Performance - Exodus Movement, Inc. reported a quarterly loss of $0.34 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.08, representing an earnings surprise of -325.00% [1] - The company posted revenues of $25.83 million for the quarter ended June 2025, exceeding the Zacks Consensus Estimate by 6.75%, compared to revenues of $22.31 million a year ago [2] - Over the last four quarters, Exodus Movement has surpassed consensus EPS estimates only once [2] Group 2: Stock Performance and Outlook - Since the beginning of the year, Exodus Movement shares have increased by about 4%, while the S&P 500 has gained 8.6% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to those expectations [4] - The current consensus EPS estimate for the upcoming quarter is -$0.06 on revenues of $25.25 million, and for the current fiscal year, it is -$0.94 on revenues of $117.4 million [7] Group 3: Industry Context - The Internet - Software industry, to which Exodus Movement belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Exodus Movement's stock performance [5]