Exodus Movement Inc(US:EXOD)2025-05-12 20:10Financial Highlights - As of March 31, 2025, Exodus had $238 million in assets and no debt[10] - Exodus' revenue model is scalable due to relatively fixed costs and durable in bear markets, with growth in bull markets[10] - Exodus' revenue is generated from third-party API providers, and the company does not touch user funds[54] - As of March 31, 2025, Exodus held 2,011 units of Bitcoin valued at $166 million, $1.7 million in US Treasury bills, $61.1 million in cash, cash equivalents, & USDC, 2,693 units of Ether valued at $4.9 million, and $4.3 million in other digital assets[61] Market Opportunity - The total addressable market includes over 650 million people investing in crypto globally[13] - The global crypto market cap is $3 trillion[13] - USD-denominated on-chain Bitcoin transfer volumes were approximately $45.6 billion per day[13] - Stablecoin issuance (market cap) is at $237 billion[17] User Metrics - Monthly Active Users (MAUs) reached 1.5 million in Q1 2025[56] - Quarterly Funded Users (QFUs) also reached 1.5 million in Q1 2025[58]