Exodus Q1 financial report: digital asset holdings reached $238 million, bitcoin holdings increased to 2011

Crypto wallet service Exodus announced its 2025 Quarter 1 unaudited results, with revenue increasing by 24% year-on-year to $36 million, a record high. The company's digital asset holdings reached $238 million, of which 2011 bitcoins (worth $166 million) accounted for the main part, an increase of 70 from the end of 2024. Other holdings include 2,693 Ethereum ($4.90 million) and $62.80 million USDC and Treasury portfolio.
Despite a 30% decline in MAU users to 1.60 million, active users remained 1.80 million at the end of the period. Transaction volume reached $2.18 billion in the quarter. R & D and technical support expenses rose 39% to $14.90 million, resulting in a net loss of $12.90 million (net profit of $54.80 million in the same period last year), mainly due to a loss of $28.80 million in digital asset holdings. Management said it will continue its self-custody strategy and expand its business boundaries.