Exodus Movement, Inc. December 2025 Treasury Update and Monthly Metrics
Rhea-AI Summary
Exodus Movement (NYSE American: EXOD) reported its December 31, 2025 treasury and monthly metrics. The company exited 2025 debt free after repaying a credit facility tied to the W3C acquisition and said it expects additional cash outlays once that transaction closes. Selected corporate holdings (unaudited) fell month-over-month: Bitcoin to 1,704 BTC (from 1,902), Ethereum to 1,898 ETH (from 2,802), and Solana to 12,473 SOL (from 31,050). Monthly active users remained stable at 1.5 million MAUs. Exchange provider processed swap volume declined to $360M in December from $549M in November; XO Swap partner-originated volume was $75M (21% of December volume) versus $200M (36%) in November.
Positive
- Exodus exited 2025 with a debt-free balance sheet
- Monthly active users steady at 1.5M MAUs
- XO Swap accounted for 21% of December swap volume, showing partner contribution
Negative
- Bitcoin holdings down ~10% month-over-month (1,902 to 1,704 BTC)
- Ethereum holdings down ~32% month-over-month (2,802 to 1,898 ETH)
- Solana holdings down ~60% month-over-month (31,050 to 12,473 SOL)
- Exchange provider swap volume declined ~34% month-over-month ($549M to $360M)
- XO Swap partner volume declined ~62% month-over-month ($200M to $75M)
- Company disclosed additional expected cash outlays tied to the W3C acquisition
News Market Reaction 1 Alert
On the day this news was published, EXOD declined 0.99%, reflecting a mild negative market reaction. This price movement removed approximately $4M from the company's valuation, bringing the market cap to $444M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus 1 Down
EXOD was up 1.95% while only one momentum peer, AEVA, appeared and moved -4.18%, suggesting stock-specific trading rather than a coordinated sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 16 | Stablecoin partnership | Positive | +6.4% | Partnership to launch USD-backed stablecoin integrated into Exodus Pay. |
| Dec 09 | Treasury update | Neutral | +3.0% | Detailed November treasury, MAU, and swap volume metrics update. |
| Dec 09 | Treasury update | Neutral | +3.0% | Press release outlining November 30 holdings and platform activity. |
| Dec 01 | Deal financing | Positive | -10.4% | Advisor highlights W3C sale to Exodus with term loan support. |
| Nov 24 | Acquisition agreement | Positive | +3.6% | Definitive agreement to acquire W3C and payments infrastructure. |
Recent EXOD news usually saw share price gains when updates highlighted strategic partnerships, treasury transparency, or the W3C acquisition, with four of the last five events followed by positive 24-hour moves. A single notable divergence occurred when advisory details on the W3C sale coincided with a double-digit price decline, showing that deal-related headlines have produced mixed short-term reactions.
Over the past few months, Exodus has focused on expanding payments and providing detailed treasury transparency. The company agreed to acquire W3C for $175 million and highlighted related financing via a $60 million term loan. Subsequent monthly treasury updates on November 30, 2025 outlined BTC, ETH, SOL holdings, MAUs, and swap volumes and were followed by modest share gains. A December partnership to launch a USD-backed stablecoin also preceded a 6.42% move, underscoring market interest in payments and stablecoin initiatives.
Market Pulse Summary
This announcement highlighted Exodus finishing 2025 with a debt-free balance sheet while providing granular visibility into its treasury and platform activity. The company held 1,704 BTC, 1,898 ETH, and 12,473 SOL as of December 31, 2025, alongside stable 1.5 million MAUs. December swap volume of $360 million compared with $549 million in November. Investors may track future treasury shifts, usage trends, and W3C-related cash outlays to assess execution and growth momentum.
Key Terms
self-custodial technical
credit facility financial
swap volume financial
AI-generated analysis. Not financial advice.
Company exits 2025 debt-free after repaying credit facility, underscoring balance sheet strength
OMAHA, Neb., Jan. 08, 2026 (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE American: EXOD) ("Exodus" or “the company”), a leading self-custodial cryptocurrency platform, today announced an update to selected digital asset holdings of Exodus’ corporate treasury, as well as updated user and exchange provider processed volume metrics, as of December 31, 2025:
The Company ended the year with a debt-free balance sheet, reflecting disciplined capital management during a period of continued product expansion.
Exodus CFO James Gernetzke remarked: “During December, we fully paid off the debt incurred with Galaxy Digital as part of our announced acquisition of W3C, and we enter 2026 debt free. We expect additional future cash outlays as part of the W3C acquisition once the transaction closes.”
Selected Digital Asset Holdings (Unaudited)
- Bitcoin (BTC): 1,704 BTC as of December 31, 2025, compared to 1,902 BTC as of November 30, 2025.
- Ethereum (ETH): 1,898 ETH as of December 31, 2025, compared to 2,802 as of November 30, 2025.
- Solana (SOL): 12,473 SOL as of December 31, 2025, compared to 31,050 as of November 30, 2025.
Monthly Active Users (MAUs): 1.5 million as of December 31, 2025. That figure remains unchanged from 1.5 million MAUs as of November 30, 2025.
- Stable MAUs reflect a resilient, loyal core customer base as Exodus users continue to rely on Exodus across market cycles.
Swap Volume
- Exodus’ exchange provider processed volume was
$360 million for the month of December 2025, of which$75 million (21% ) originated from the company’s XO Swap partners. This volume compares with$549 million exchange provider processed volume in November 2025, of which$200 million (36% ) originated from XO Swap partners.
About Exodus
Exodus is a financial technology leader empowering individuals and businesses with secure, user-friendly crypto software solutions. Since 2015, Exodus has made digital assets accessible to everyone through its multi-asset crypto wallets prioritizing design and ease of use.
With self-custodial wallets, Exodus puts customers in full control of their funds, enabling them to swap, buy, and sell crypto. Its solutions include XO Swap and Exodus Pay – industry-leading tools for swap aggregation, and an upcoming consumer card and payments experience using stablecoins.
Exodus is committed to driving the future of accessible and secure finance. Learn more at exodus.com or follow us on X at x.com/exodus.
Investor Contact
investors@exodus.com
Media Contact
Aubrey Strobel/Elena Nisonoff, Halcyon Communications
exodus@halcyonpr.xyz
Disclosure Information
Exodus uses the following as means of disclosing material nonpublic information and for complying with disclosure obligations under Regulation FD: websites exodus.com/investors and exodus.com; press releases; public videos, calls, and webcasts; and social media: X (@exodus and JP Richardson's feed @jprichardson), Facebook, LinkedIn, and YouTube.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Forward-looking statements are based on our beliefs and assumptions and on information currently available to us as of the date hereof. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “should,” “intend,” “believe,” “expect,” “likely,” “believes,” “views”, “estimates”, or other comparable terminology.
Forward-looking statements in this document include, but are not limited to, management statements regarding management’s confidence in our products, services, business trajectory and plans, expectations regarding demand for our products, future acquisition expenses, and volatility and trading volumes of digital asset markets. Such forward-looking statements involve a number of risks, uncertainties and other important factors that could cause our actual results to differ materially from those expressed or implied by our forward-looking statements. Such factors include those set forth in “Item 1. Business” and “Item 1A. Risk Factors” of Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 6, 2025, as well as in our other reports filed with the SEC from time to time.
All forward-looking statements are expressly qualified in their entirety by such cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Except as required by law, we undertake no obligation to update or revise any forward-looking statements that have been made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.
FAQ
What treasury changes did Exodus (EXOD) report for December 31, 2025?
How did Exodus' Bitcoin, Ethereum, and Solana holdings change in December 2025?
What were Exodus' Monthly Active Users (MAUs) as of December 31, 2025?
How did Exodus' exchange provider processed swap volume perform in December 2025?
What portion of December swap volume came from XO Swap partners for EXOD?
Does Exodus expect further cash requirements related to the W3C acquisition?
