{"id":19892,"date":"2026-05-12T22:01:00","date_gmt":"2026-05-12T22:01:00","guid":{"rendered":"https:\/\/cryptoted.net\/index.php\/2026\/05\/12\/exodus-wallet-sells-1076-btc-to-fund-w3c-deal\/"},"modified":"2026-05-12T22:01:00","modified_gmt":"2026-05-12T22:01:00","slug":"exodus-wallet-sells-1076-btc-to-fund-w3c-deal","status":"publish","type":"post","link":"https:\/\/cryptoted.net\/index.php\/2026\/05\/12\/exodus-wallet-sells-1076-btc-to-fund-w3c-deal\/","title":{"rendered":"Exodus wallet sells 1,076 BTC to fund W3C deal"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/media.crypto.news\/2025\/09\/crypto-news-Corporate-Bitcoin-treasuries-will-drive-BTC-option04.webp\" \/><\/p>\n<div>\n<p class=\"is-style-lead\">Exodus wallet sold 1,076 bitcoin in Q1 2026 to fund its $175 million acquisition of W3C\u2019s payments business.<\/p>\n<div id=\"cn-block-summary-block_b3fc2b43ffe35df34268f4dc9fbfe8bf\" class=\"cn-block-summary\">\n<p>\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/p>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Exodus Movement cut its BTC treasury from 1,704 to 628 coins during Q1 2026, raising $73.2 million in total crypto sales to fund W3C closing payments.<\/li>\n<li>The company closed its acquisition of Monavate and Baanx on May 1, adding card-issuing and payments infrastructure to its self-custody wallet business.<\/li>\n<li>Q1 revenue fell 36.8% to $22.7 million as exchange aggregation volume dried up, widening the net loss to $32.1 million from $12.9 million a year earlier.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Exodus Movement (NYSE: EXOD), developer of the self-custody Exodus wallet, <a href=\"https:\/\/crypto.news\/exodus-taps-moonpay-and-m0-to-launch-fully-reserved-digital-dollar-in-2026\/\">sold<\/a> 1,076 bitcoin during Q1 2026, reducing its BTC holdings from 1,704 to 628 coins and cutting the treasury\u2019s value from $149.2 million to $42.8 million. The company also added 5,068 Solana tokens over the same period.<\/p>\n<p>In total, Exodus sold $73.2 million in cryptocurrency during the quarter while buying just $962,000. \u201cDuring Q1 2026, the Company has continued to sell digital assets to prepare for the next disbursement related to the W3C closing, and has set aside over $70 million in US dollar reserves for these obligations,\u201d the quarterly filing <a href=\"https:\/\/finance.yahoo.com\/markets\/crypto\/articles\/exodus-movement-sells-more-1-122600422.html\" target=\"_blank\" rel=\"nofollow\">states<\/a>. Cash, equivalents, and stablecoins rose to $74.4 million from $5.2 million at year-end.<\/p>\n<h2 class=\"wp-block-heading\">What the W3C deal delivers for Exodus<\/h2>\n<p>Exodus closed its acquisition of Monavate and Baanx on May 1, the two payments subsidiaries of W3C Corp, for a total of $175 million. The deal adds card-issuing and payments infrastructure directly into Exodus\u2019s self-custody wallet stack. Baanx provides crypto debit card infrastructure and Monavate handles card programme management.<\/p>\n<p>The strategy follows Exodus\u2019s <a href=\"https:\/\/crypto.news\/exodus-wallet-usd-stablecoin-moonpay-mo-2025\/\">earlier announcement<\/a> of a fully reserved dollar-backed stablecoin built with MoonPay and M0, which will underpin the Exodus Pay feature inside the app. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>XO Cash, a Solana-based stablecoin toolkit built with MoonPay, is already live and lets AI agents spend money through Visa rails without exposing users\u2019 private keys.<\/p>\n<p>Q1 revenue fell 36.8% to $22.7 million from $36 million a year earlier. Exchange aggregation, the company\u2019s main revenue line, dropped $13.8 million as user trading volumes dried up. <\/p>\n<p>The net loss widened to $32.1 million from $12.9 million, partly driven by a $36.4 million loss on crypto holdings as bitcoin fell 23% and Solana dropped more than 34% over the quarter.<\/p>\n<h3 class=\"wp-block-heading\">What the pivot means for Exodus\u2019s positioning<\/h3>\n<p>Exodus is the only publicly traded self-custody wallet provider actively building a full payments stack. Monthly active users dipped to 1.5 million from 1.6 million a year earlier, while quarterly funded users fell 22.2% to 1.4 million. EXOD stock has fallen 86% over the past 12 months and was trading near $7.71 at the time of the Q1 filing.<\/p>\n<p>The company is repositioning itself as a crypto-native payments platform rather than a pure wallet provider. The XO Cash and Exodus Pay suite, combined with the Monavate and Baanx infrastructure, could give Exodus a direct competitor path against traditional fintech stablecoin offerings from firms like <a href=\"https:\/\/crypto.news\/exodus-wallet-usd-stablecoin-moonpay-mo-2025\/\">MoonPay<\/a> and PayPal\u2019s PYUSD in the consumer payments market.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/exodus-wallet-sells-1076-btc-to-fund-w3c-deal\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exodus wallet sold 1,076 bitcoin in Q1 2026 to fund its $175 million acquisition of W3C\u2019s payments business. Summary Exodus Movement cut its BTC treasury from 1,704 to 628 coins during Q1 2026, raising $73.2 million in total crypto sales to fund W3C closing payments. The company closed its acquisition of Monavate and Baanx on [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":18874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[23],"tags":[],"kronos_expire_date":[],"class_list":["post-19892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"_links":{"self":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/19892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/comments?post=19892"}],"version-history":[{"count":0,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/19892\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media\/18874"}],"wp:attachment":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media?parent=19892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/categories?post=19892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/tags?post=19892"},{"taxonomy":"kronos_expire_date","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/kronos_expire_date?post=19892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}