Exodus Q1 Financial Report: Total Value of Digital Asset Holdings Reaches $238 Million, Bitcoin Holdings Increase to 2,011

According to a report by Jinse Finance, cryptocurrency wallet service provider Exodus announced its unaudited financial report for the first quarter of 2025, with revenue increasing by 24% year-on-year to $36 million, reaching a record high. The total value of the company's digital asset holdings reached $238 million, with 2,011 Bitcoins (valued at $166 million) making up the majority, an increase of 70 Bitcoins from the end of 2024. Other holdings include 2,693 Ethereum ($4.9 million) and a $62.8 million combination of USDC and treasury bonds. Despite a 30% decline in monthly active users to 1.6 million, the number of effective users at the end of the period remained at 1.8 million. The transaction processing volume for this quarter reached $2.18 billion. Research and development and technical support expenses increased by 39% to $14.9 million, with a net loss of $12.9 million (compared to a net profit of $54.8 million in the same period last year), mainly due to an unrealized loss of $28.8 million in digital asset holdings. Management stated that they will continue the self-custody strategy and expand business boundaries.