Exodus Movement, Inc. Increases Bitcoin Holdings
December 12, 2024
Exodus Movement, Inc. recently shared some exciting news about its Bitcoin holdings reaching over 1,900 and provided an update on its swap volume. This is big news in the world of digital assets, especially with Bitcoin hitting an all-time high by crossing the $100,000 mark for the first time ever.
The company reported that its exchange provider processed a whopping $1.26 billion in volume over a two-month period from October 1, 2024, to November 30, 2024. This is a significant increase compared to the $0.96 billion processed in the previous quarter. Additionally, Exodus holds over 2,660 Ethereum units in addition to their Bitcoin holdings.
James Gernetzke, CFO of Exodus, highlighted the company’s success by stating, “Exodus is a leading digital asset wallet provider, and we receive our revenues mainly in Bitcoin and USDC. With our Exchange Aggregator processing record volume in Q4, we have added over 100 Bitcoin to our treasury since the end of Q3.”
Exciting news for investors came as the Securities and Exchange Commission completed its review of the company’s Form 10-12 registration statement, a crucial step towards listing on the NYSE American stock exchange.
Exodus is not just about numbers and figures; it’s a financial technology leader dedicated to providing secure and user-friendly crypto software solutions. Since 2015, Exodus has been making digital assets accessible to everyone through its multi-asset crypto wallets. Their commitment to putting customers in control of their funds through self-custodial wallets sets them apart in the industry.
Exodus offers innovative solutions like Passkeys Wallet and XO Swap, making it easier for individuals and businesses to swap, buy, and sell crypto. Their vision for the future is focused on building accessible and secure finance for all.
As always, keep in mind that the 2024 fourth quarter is still ongoing, so the results for the quarter and fiscal year are not final. Actual results may differ from the preliminary metrics shared in the recent update. It’s essential not to rely solely on these preliminary numbers and to wait for the official financial statements audited by Deloitte.
In conclusion, Exodus is marching forward with its mission to revolutionize finance with cutting-edge solutions and a customer-centric approach. To learn more, visit exodus.com or check them out on their social media channels for the latest updates.
