Exodus Movement Sells Over 1,000 Bitcoin as Q1 Losses Double to $32M

Exodus Movement reported a Q1 2026 net loss of $32.1 million, more than double the $12.9 million loss a year ago.

During the quarter, the company also significantly scaled back its Bitcoin holdings. Its position fell from 1,704 BTC at the end of December 2025 to 628 BTC by March 31, after selling 1,076 BTC over the period.

Meanwhile, Exodus generated $73.2 million in proceeds from asset sales. The majority of these funds were directed toward its planned acquisition of W3C Corp, the parent company of fintech firms Baanx and Monavate.

Source: Exodus Movement