Exodus Movement sold more than 1,000 Bitcoin in the first three months of 2026 
to fund a push into financial technology, raising $73 million in the process. 
Related Reading: Bitcoin Bulls Awaken As Rare Golden Cross Signal Flashes On 
Charts The crypto wallet company cut its Bitcoin holdings from 1,704 to 628 
coins by March 31 — a reduction of roughly 63% — with nearly all the proceeds 
directed toward acquiring W3C Corp., the parent company of fintech firms 
Monavate and Baanx. Revenue Takes A Sharp Hit The Bitcoin sales came as Exodus 
reported a steep drop in earnings. Total revenue for the quarter ended March 
31 fell to $22.7 million, down from $36 million during the same period a year 
ago — a decline of nearly 37%. Exchange aggregation, which accounts for the 
bulk of company income, took the hardest hit, falling almost $14 million as 
user trading activity slowed significantly. Monthly active users slipped from 
1.6 million to 1.5 million year over year. Quarterly funded users dropped even 
more sharply, falling 22% to 1.4 million from 1.8 million. Exodus pointed to 
macroeconomic pressures — including revised Federal Reserve growth projections 
and uncertainty around tariff policy — as contributing factors. The company 
also warned that price swings in digital assets could continue to affect its 
results in coming quarters. Net Loss More Than Doubled The financial results 
reflected more than just a drop in trading. Exodus posted a net loss of $32 
million for the quarter, compared to a nearly $13 million loss in Q1 2025. The 
company&#8217;s broader digital asset portfolio recorded a net loss of $36.4 
million, driven by $76.8 million in unrealized losses, though partially offset 
by $40.4 million in realized gains on asset exchanges. On the balance sheet, 
cash and cash equivalents rose sharply. The company ended the quarter with 
nearly $73 million in cash, up from just $4.9 million at the close of 2025. 
New Products In The Pipeline Even as the core business contracted, Exodus 
rolled out a new product. XO Cash, a stablecoin toolkit built on Solana with 
payments company MoonPay, allows AI agents to make purchases through Visa&#8217;s 
payment network without exposing user private keys. Related Reading: Shiba Inu 
Bullish Momentum Explodes As Buying Pressure Intensifies Featured image from 
Getty Images/GeorgeManga, chart from TradingView

Crypto Firm Exodus Drains 63% Of Its Bitcoin Reserves As Q1 Loss Doubled Year Over Year

The sanctions highlight escalating US-China tensions and signal a strategic 
move to curb Iran&#8217;s military funding, impacting global oil markets.
The post US sanctions firms and individuals over Iranian oil shipments to 
China appeared first on Crypto Briefing.

US sanctions firms and individuals over Iranian oil shipments to China

The summit&#8217;s outcomes could reshape global crypto mining dynamics, impacting 
profitability and competition across international markets.
The post Trump-Xi summit aims to reshape US-China relations, and crypto 
markets are already placing bets appeared first on Crypto Briefing.

Trump-Xi summit aims to reshape US-China relations, and crypto markets are already placing bets

Michael Saylor’s Strategy is estimated to have purchased approximately 2,110 
bitcoin, funded by fresh proceeds from its STRC perpetual preferred stock 
program, continuing the firm’s relentless accumulation of the world’s largest 
cryptocurrency. STRC: THE FUNDING VEHICLE The latest bitcoin purchase was 
funded with proceeds from STRC, the company’s 11.5% annual yield perpetual 
preferred stock, which […]

Strategy Estimated to Have Bought 2,110 BTC Today Using STRC Proceeds

A hotter-than-expected April inflation report has put Bitcoin back at the 
center of the Federal Reserve trade, reviving the higher-for-longer rates 
problem that has capped crypto markets for much of the year. The Bureau of 
Labor Statistics (BLS) reported on May 12 that headline CPI rose 3.8% year 
over year in April, above the 3.7% […]
The post Bitcoin was waiting for cuts. Hot CPI inflation data just put hikes 
back on the table appeared first on CryptoSlate.

Bitcoin was waiting for cuts. Hot CPI inflation data just put hikes back on the table

Vietnam eyes a Q3 launch for its regulated crypto market as officials move 
trading toward licensed domestic platforms and VND settlements.

Crypto Firm Exodus Drains 63% Of Its Bitcoin Reserves As Q1 Loss Doubled Year Over Year

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