Exodus Movement, Inc. May 2025 Treasury Update and Monthly Metrics

Rhea-AI Summary

Exodus Movement (EXOD) released its May 2025 treasury and metrics update, revealing significant digital asset holdings including 2,038 BTC, 2,721 ETH, and 29,109 SOL. The company reported 2.2 million monthly active users, with 675,000 being Passkeys Wallets. Exchange provider volume reached $486M in May, with $69M (14%) from XO Swap partners. CEO JP Richardson highlighted a successful May promotion for Passkeys Wallets, emphasizing their under-thirty-second onboarding process. CFO James Gernetzke noted continued Bitcoin generation from operations and outlined plans for organic growth, potential acquisitions, and treasury expansion.

Positive

• Strong digital asset holdings with 2,038 BTC, 2,721 ETH, and 29,109 SOL
• Significant monthly active user base of 2.2 million
• Substantial exchange provider volume of $486M in May 2025
• Successful implementation of Passkeys Wallet technology with 675,000 users
• Continued generation of Bitcoin through operations

Negative

• May promotion for Passkeys Wallets was temporary and not expected to continue in June
• XO Swap partners only contributed 14% of total exchange volume

Insights

Cryptocurrency Financial Analyst

Exodus reports solid May performance with 2.2M MAUs and $486M in swap volume, while maintaining significant crypto treasury holdings.

Exodus's May treasury update reveals substantial crypto holdings with 2,038 BTC, 2,721 ETH, and 29,109 SOL as of May 31, 2025. At current market prices, these digital assets represent a significant portion of the company's treasury strategy.

Monthly Active Users (MAUs) reached 2.2 million, with approximately 30.7% (675,000) being Passkeys Wallet users. This user metric benefited from a May promotion specifically targeting Passkeys Wallets, which management explicitly stated is not expected to continue in June. This transparency helps investors appropriately forecast future user metrics without artificially inflated expectations.

Exchange provider processed volume totaled $486 million for May, with $69 million (14%) coming from XO Swap partners. This diversification of revenue streams demonstrates Exodus's ability to monetize its platform through multiple channels.

Management's commentary highlights two strategic priorities: the Passkeys technology enabling rapid wallet onboarding (under 30 seconds) which they position as ideal for stablecoin adoption, and their continued accumulation of Bitcoin from operations. The CFO specifically noted "incremental increases in our BTC units held" demonstrating the company's operational philosophy of generating Bitcoin through its business activities rather than solely through purchases.

The forward-looking statements about driving shareholder value mention three avenues: organic growth initiatives, potential strategic acquisitions, and expanding digital assets treasury. This balanced approach gives investors insight into how management plans to allocate capital and grow the business beyond simply holding crypto assets.

OMAHA, Neb., June 10, 2025 (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE American: EXOD) ("Exodus"), 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 May 31, 2025:

Selected Digital Asset Holdings (Unaudited)
Bitcoin (BTC): 2,038 BTC as of May 31, 2025
Ethereum (ETH): 2,721 ETH as of May 31, 2025
Solana (SOL): 29,109 SOL as of May 31, 2025

Users
Monthly Active Users (MAUs): 2.2 million as of May 31, 2025, of which approximately 675,000 are Passkeys Wallets.

Swap Volume
Exchange provider processed volume was $486M for the month of May 2025, of which $69M (14%) originated from our XO Swap partners.

Exodus CEO, JP Richardson, commented: “Our monthly active users benefited from a brief May promotion aimed at Passkeys Wallets that we do not expect to reoccur in June. However, this performance demonstrates the power of our Passkeys tech, enabling a scalable, hassle free, and under thirty second wallet onboarding experience ideal for stablecoin adoption. Additionally, we believe our sponsorship of the Las Vegas BTC 2025 conference further reinforced Exodus’ market leadership in bringing crypto, including Bitcoin and stablecoins, to the wider public.”

“Our operations continue to generate Bitcoin,” Exodus CFO James Gernetzke remarked. “In particular, incremental increases in our BTC units held demonstrate the real-world benefits of our operational philosophy. In addition, we plan to continue to drive shareholder value by executing upon our organic growth initiatives, pursuing potential strategic acquisitions, and expanding our digital assets treasury.”

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 business solutions include Passkeys Wallet and XO Swap, industry-leading tools for embedded crypto wallets and swap aggregation.

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

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/blog; 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, and optionality around future securities offerings, including to finance acquisitions. 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 are Exodus Movement's (EXOD) current digital asset holdings as of May 2025?

As of May 31, 2025, Exodus holds 2,038 BTC, 2,721 ETH, and 29,109 SOL in its corporate treasury.

How many monthly active users does Exodus (EXOD) have in May 2025?

Exodus reported 2.2 million monthly active users as of May 31, 2025, including 675,000 Passkeys Wallets users.

What was Exodus's (EXOD) exchange provider processed volume in May 2025?

The exchange provider processed volume was $486M for May 2025, with $69M (14%) coming from XO Swap partners.

What are Exodus's (EXOD) growth plans according to their CFO?

CFO James Gernetzke stated plans to drive shareholder value through organic growth initiatives, potential strategic acquisitions, and expanding their digital assets treasury.

What is the significance of Exodus's Passkeys Wallet technology?

Passkeys Wallet technology enables scalable, hassle-free wallet onboarding in under thirty seconds, making it particularly suitable for stablecoin adoption.