Core Insights - Exodus Movement, Inc. holds 1,694 BTC as of January 31, 2026, a slight decrease from 1,704 BTC as of December 31, 2025, indicating a strategic adjustment in its cryptocurrency holdings [8] - The company reported 1.6 million monthly active users (MAUs) as of January 31, 2026, up from 1.5 million MAUs as of December 31, 2025, reflecting growth in user engagement [2] - Exodus' exchange provider processed volume reached $399 million in January 2026, an increase from $360 million in December 2025, with 23% of this volume ($90 million) coming from XO Swap partners, compared to 21% ($75 million) in the previous month [3] Digital Asset Holdings - As of January 31, 2026, Exodus holds the following digital assets: - Bitcoin (BTC): 1,694 BTC, down from 1,704 BTC - Ethereum (ETH): 1,887 ETH, down from 1,898 ETH - Solana (SOL): 13,807 SOL, up from 12,473 SOL [8] Company Overview - Exodus is a financial technology leader focused on providing secure and user-friendly cryptocurrency solutions, with a commitment to making digital assets accessible since 2015 [4] - The company emphasizes self-custodial wallets, allowing customers full control over their funds, and offers tools like XO Swap and Exodus Pay for enhanced user experience [5]

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, Inc. has partnered with MoonPay to launch a USD-backed stablecoin aimed at enhancing digital dollar experiences within the Exodus ecosystem [1] - The stablecoin will be issued and managed by MoonPay, utilizing M0's open stablecoin infrastructure [1] - This initiative builds on Exodus Pay, allowing users to spend and send money using stablecoins while maintaining self-custody [1] Company Overview: Exodus Movement, Inc. - Exodus is a financial technology firm focused on providing secure and user-friendly crypto software solutions [1] - Since its inception in 2015, Exodus has aimed to make digital assets accessible through multi-asset crypto wallets that prioritize design and ease of use [1] - The company offers self-custodial wallets, enabling customers to control their funds and perform crypto transactions [1] Company Overview: MoonPay - MoonPay, founded in 2019, is a financial technology company facilitating value transfer across fiat and digital assets [1] - The company claims to have over 30 million customers in 180 countries and supports more than 500 enterprise clients in the crypto and fintech sectors [1] - MoonPay provides a comprehensive integration for on- and off-ramps, trading, crypto payments, and stablecoin infrastructure, connecting traditional payment systems with blockchains [1] Strategic Expansion - The digital dollar will be available through MoonPay's distribution network, enhancing access and utility for users, partner applications, and merchants [1] - MoonPay's enterprise stablecoin business was launched in November 2025, focusing on issuing and managing fully reserved digital dollars across multiple blockchains [1] - The integration with M0 allows MoonPay to provide the necessary technology and distribution for enterprises to quickly bring stablecoin solutions to market [1]

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]

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]

Core Viewpoint - Exodus Movement, Inc. has announced a definitive agreement to acquire W3C Corp, which includes Monavate Holdings and Baanx, to enhance its payment infrastructure and capabilities in the cryptocurrency space [1][2]. Group 1: Acquisition Details - The acquisition is subject to regulatory approvals and aims to integrate Monavate and Baanx's issuing, processing, and regulatory capabilities into Exodus's product suite [1][2]. - By acquiring these companies, Exodus will reduce its dependence on third-party providers for card and payment services [2]. Group 2: Strategic Goals - Post-acquisition, Exodus plans to issue payment cards through networks like Visa, Mastercard, and Discover, expanding its reach in the US, UK, and EU [3]. - The integration of card and payment infrastructure is intended to close the gap between holding and spending cryptocurrencies, allowing businesses to utilize stablecoins for transactions [3]. Group 3: Market Insights - Stablecoin payment volumes have increased by 70% from February to August 2025, with a significant portion driven by B2B payments [3]. - The acquisition is expected to diversify Exodus's revenue streams and build a recurring earnings base aligned with the everyday use of digital dollars [3]. Group 4: Future Capabilities - The infrastructure will enhance capabilities for enterprise clients, enabling features like embedded programmable payouts and turnkey card issuance [3]. - The announcement follows a previous acquisition of Grateful, a stablecoin payments orchestrator, indicating a strategic focus on expanding stablecoin-powered payment solutions [3].

Core Viewpoint - Exodus Movement, Inc. has announced a definitive agreement to acquire W3C Corp, which includes Monavate and Baanx, to enhance its payments infrastructure and position itself as a leader in on-chain payments [1][2][3] Acquisition Details - The acquisition is valued at $175 million and will be funded through a combination of cash and financing from a credit facility with Galaxy Digital, secured by the company's Bitcoin holdings [7] - The acquisition is subject to regulatory approvals and customary closing conditions, with an expected closing in 2026 [7] Strategic Implications - The acquisition will allow Exodus to control the end-to-end payments experience, integrating issuing, processing, and regulatory capabilities directly into its product suite [3][4] - By bringing card and payments infrastructure in-house, Exodus aims to reduce reliance on third-party providers and support a wider range of assets, including stablecoins [3][4] Market Context - The demand for stablecoin payments has surged, with volumes increasing by 70% from February to August 2025, primarily driven by B2B transactions [4] - The infrastructure expansion is expected to enhance offerings for enterprise clients, enabling flexible payment solutions and partnerships with major players like MetaMask and Ledger [5][6] Financial Outlook - The acquisition is anticipated to diversify Exodus's revenue streams through interchange, processing, and program fees, contributing to a more predictable earnings base [5] - XO Swap, a service offered by Exodus, accounted for 37% of all exchange provider volume in October 2025, indicating strong market presence [5]

Financial Data and Key Metrics Changes - Exodus reported Q3 revenue of $30.3 million, representing a 51% year-over-year growth, driven by higher digital asset prices and increased consumer and industry partner engagement [3][9] - Q3 swap volume reached $1.75 billion, an 82% increase from the prior year, with B2B swaps contributing $496 million, accounting for 28% of the quarterly volume [9] - Non-exchange-related revenue exceeded 10% of total revenue for the first time, primarily due to improvements in staking, particularly in Solana staking [9][10] - Monthly active users remained at 1.5 million, a 6% decrease year-over-year, while quarterly funded users increased to 1.8 million, up 20% from a year ago [10][11] - Digital and liquid assets totaled $315 million, with Exodus maintaining a debt-free position and increasing its Bitcoin holdings to 2,123 Bitcoin [11] Business Line Data and Key Metrics Changes - The acquisition of Grateful is expected to enhance Exodus's payment strategy, providing tools for merchant checkout experiences based on stablecoins [4][11] - The company has signed 16 partnerships in the industry, with 10 already producing results, indicating growing traction in its traditional crypto business and XO Swap [5][9] Market Data and Key Metrics Changes - The overall economic environment for the quarter was supported by rising prices of Bitcoin and Ethereum, with stablecoin and real-world asset tokenization adoption seen as key future catalysts [7][8] Company Strategy and Development Direction - Exodus aims to evolve beyond a crypto wallet, positioning itself as a comprehensive financial app for payments and money transfers, leveraging stablecoins for transactions [3][4] - The company is exploring the potential for a Bitcoin dividend to reward shareholders and promote the adoption of its products [12][13] - The integration of Grateful is seen as a strategic move to penetrate the traditional payment space and enhance the user experience across jurisdictions [11][26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the significant opportunity in Latin America for stablecoin-based payments, particularly in countries with high inflation like Argentina [28][34] - The focus is on creating a seamless user experience that integrates various financial services within a single app, catering to the preferences of younger generations [34][36] Other Important Information - The Grateful acquisition was a mix of cash and stock, with the financial impact expected to be modest but significant in terms of technology and market reach [18][19] - The company is actively pursuing a charter amendment to allow for the potential issuance of Bitcoin dividends to Class A stockholders [14] Q&A Session Summary Question: Can you elaborate on the Grateful acquisition and its integration timeline? - The Grateful acquisition is set to go live next month in Uruguay, focusing on merchant services and checkout experiences [17] Question: What is the monetization model for Grateful? - The short-term focus is on utility rather than immediate monetization, with potential for consumer services like loans and yield generation from stablecoins [25][26] Question: How significant is the opportunity in Latin America for stablecoin payments? - The opportunity is described as huge, particularly in high-inflation countries like Argentina, where stablecoins are in demand [28] Question: How will Exodus incentivize users to adopt its platform? - The strategy includes integrating with credit and debit cards, providing a seamless experience for users to manage their assets in one app [34][36]

Core Viewpoint - Exodus Movement, Inc. has announced the acquisition of Grateful, a Uruguay-based stablecoin payments orchestrator, to enhance its merchant services capabilities in Latin America, focusing on lower fees, instant access to funds, and yield on balances [1][2]. Group 1: Acquisition Details - The acquisition of Grateful aims to empower small businesses and independent workers in Latin America to manage digital payments seamlessly through stablecoins [2]. - Grateful's platform includes a comprehensive suite of tools for merchants, such as a merchant dashboard, wallet-to-wallet payments, offramping, QR-based point-of-sale capabilities, and ecommerce checkout integrations [2]. Group 2: Strategic Importance - The CEO of Exodus highlighted that Grateful complements the company's efforts to expand access to digital payments and cryptocurrency in Latin America, particularly in the growing gig and creator economy [3]. - The integration of Grateful's technology is expected to enhance Exodus' existing products, which support multichain development on leading blockchains like Polygon, Optimism, Base, Arbitrum, and Solana [5]. Group 3: User Benefits - By combining Grateful's platform with Exodus' self-custodial wallets, users will gain full ownership of their funds and benefit from faster, cheaper, and borderless transactions [4]. - The company emphasizes the importance of providing equal access to the benefits of the digital payments revolution for consumers and merchants in emerging markets [4]. Group 4: Upcoming Financial Updates - Exodus plans to provide a business update and release its third quarter financial results on November 10, 2025, with a conference webcast to discuss the Grateful acquisition [6].

Core Insights - Exodus Movement, Inc. reported an increase in its corporate treasury digital asset holdings, with Bitcoin rising to 2,147 BTC, Ethereum to 2,784 ETH, and Solana to 49,567 SOL as of October 31, 2025, compared to the previous month [1][2][3] - The company has seen growth in its Monthly Active Users (MAUs), reaching 1.6 million in October 2025, up from 1.5 million in September 2025 [2] - Exodus' exchange provider processed volume for October 2025 was $683 million, an increase from $539 million in September 2025, with 37% of the volume coming from XO Swap partners in both months [3] Digital Asset Holdings - Bitcoin (BTC) holdings increased from 2,123 BTC as of September 30, 2025, to 2,147 BTC as of October 31, 2025 [1] - Ethereum (ETH) holdings rose from 2,770 ETH to 2,784 ETH during the same period [1] - Solana (SOL) holdings grew from 47,502 SOL to 49,567 SOL [1] User Metrics - Monthly Active Users (MAUs) increased to 1.6 million as of October 31, 2025, compared to 1.5 million as of September 30, 2025 [2] Exchange Volume - The processed volume for October 2025 was $683 million, up from $539 million in September 2025 [3] - XO Swap partners contributed $251 million to the processed volume in October, maintaining a consistent 37% share from the previous month [3] Company Overview - Exodus is a financial technology leader focused on providing secure and user-friendly cryptocurrency solutions since 2015 [4] - The company emphasizes self-custodial wallets, allowing customers full control over their funds and facilitating crypto transactions [5]