{"id":3345,"date":"2025-05-12T22:16:47","date_gmt":"2025-05-12T22:16:47","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/05\/12\/exodus-hits-record-q1-revenue-as-bitcoin-holdings-rise-to-2011-btc\/"},"modified":"2025-05-12T22:16:47","modified_gmt":"2025-05-12T22:16:47","slug":"exodus-hits-record-q1-revenue-as-bitcoin-holdings-rise-to-2011-btc","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/05\/12\/exodus-hits-record-q1-revenue-as-bitcoin-holdings-rise-to-2011-btc\/","title":{"rendered":"Exodus Hits Record Q1 Revenue As Bitcoin Holdings Rise To 2,011 BTC"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Exodus Hits Record Q1 Revenue As Bitcoin Holdings Rise To 2,011 BTC<\/a><\/p>\n

<\/div>\n

Exodus Movement, Inc.<\/a> (NYSE American: EXOD), a leading self-custodial Bitcoin and cryptocurrency platform, has announced unaudited financial results for Q1 2025<\/a>, showcasing record-setting revenue and a notable increase in digital asset holdings.\u00a0<\/p>\n

In its strongest first quarter yet, Exodus reported $36.0 million in revenue, up 24% from $29.1 million in Q1 2024<\/a>. The company attributed the growth to continued product innovation and demand for self-custody solutions. \u201cExodus continues to offer innovative solutions that capitalize on the growing market for digital assets,\u201d said<\/a> JP Richardson, CEO and co-founder. \u201cMeanwhile, our focus on self-custody remains a difference-maker.\u201d\u00a0<\/p>\n

In addition to the revenue milestone, the company now holds 2,011 BTC, according to its Q1 filing\u2014an increase of 70 BTC since December 31, 2024. The bitcoin<\/a> holdings are valued at $166.0 million, comprising the bulk of the company\u2019s $238.0 million in digital assets, cash, and cash equivalents. The company also holds 2,693 ETH valued at $4.9 million and $62.8 million in USD Coin and Treasury bills.\u00a0<\/p>\n

\n

Exodus $EXOD<\/a> reported holding 2,011 BTC at Q1 filing. +70 BTC since Dec 31, 2024. pic.twitter.com\/6qduSgir2e<\/a><\/p>\n

\u2014 NLNico (@btcNLNico) May 12, 2025<\/a>\n<\/p><\/div>\n

Despite a decline in user activity\u2014monthly active users dropped 30% to 1.6 million\u2014Exodus maintained a strong user base, with 1.8 million funded users by quarter end. Exchange volume processed in Q1 totaled $2.18 billion.<\/p>\n

Expenses rose significantly, with technology<\/a>, development, and user support up 39% to $14.9 million, and general and administrative costs up 79% to $14.3 million. Exodus posted a net loss of $12.9 million, compared to a $54.8 million net income in Q1 2024, largely due to a $28.8 million loss on digital assets.<\/p>\n

Still, Exodus leadership remains optimistic. \u201cQ1 saw our highest first quarter revenue and second best revenue quarter on record,\u201d said James Gernetzke, CFO. \u201cWith an abundance of opportunities at our doorstep, Exodus is well-positioned to expand within our industry and beyond, well into the future.\u201d\u00a0<\/p>\n

A webcast to discuss Q1 results will be held at 4:30 PM ET on May 12, available at <\/a>exodus.com\/investors<\/a>.<\/p>\n

This post Exodus Hits Record Q1 Revenue As Bitcoin Holdings Rise To 2,011 BTC<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Jenna Montgomery<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Exodus Hits Record Q1 Revenue As Bitcoin Holdings Rise To 2,011 BTC Exodus Movement, Inc. (NYSE American: EXOD), a leading self-custodial Bitcoin and cryptocurrency platform, has announced unaudited financial results for Q1 2025, showcasing record-setting revenue and a notable increase in digital asset holdings.\u00a0 In its strongest first quarter yet, Exodus reported $36.0 […]<\/p>\n","protected":false},"author":0,"featured_media":3346,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-3345","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=3345"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3345\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/3346"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=3345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=3345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=3345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}