Exodus Movement's Q3 Surge: $314M Assets, Bitcoin-Driven Revenue
Update: 2025-11-13
Description
Exodus Movement, a NYSE-listed firm, reported a robust third-quarter performance, with revenue surging by 51% to $30.3 million, driven by increased swap activity and higher exchange provider volumes. Net income skyrocketed to $17 million, a stark contrast to the $800,000 reported last year. The company ended the quarter with a substantial digital asset portfolio, including over 2,100 Bitcoin and 2,700 Ethereum, along with $50.8 million in cash and other liquid assets, totaling $314.7 million. Exodus CFO, James Gernetzke, revealed that around 60-65% of their monthly revenue comes from Bitcoin payments by third-party providers. Recently, Exodus acquired Grateful, a Latin American stablecoin payments platform, to expand payment options and penetrate new markets.
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