Exodus dumps 1,000 bitcoin Why the crypto wallet is cashing out to fund a payments empire

Image for article Exodus dumps 1,000 bitcoin Why the crypto wallet is cashing out to fund a payments empire
News Source : CoinDesk

News Summary

  • Exodus Movement (EXOD) cut its bitcoin holdings by 1,076 BTC in the first quarter, while adding 5,068 SOL.
  • The company held 628 BTC at the end of March, down from 1,704 BTC on Dec. 31.
  • The value of those holdings fell to $42.8 million from $149.2 million.
  • Exodus closed its acquisition of Monavate and Baanx on May 1, adding card issuing and payments infrastructure to its self-custody business.
Exodus Movement (EXOD) cut its bitcoin holdings by 1,076 BTC in the first quarter, while adding 5,068 SOL, as it moved more of its balance sheet into cash as the crypto wallet provider prepared to cl [+1786 chars]

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