Exodus dumps 1,000 bitcoin: Why the crypto wallet is cashing out to fund a payments empire
Exodus Movement liquidated 1,076 Bitcoin (63% of holdings) in Q1 2026, raising $73.2 million to fund its W3C payments acquisition. The crypto wallet provider's revenue fell 36.8% to $22.7 million while net losses widened to $32.1 million, driven by cryptocurrency market declines. The strategic pivot signals Exodus's shift from self-custody toward payments infrastructure, accumulating $70 million in dollar reserves for deal closure.
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