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

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

Globe and Mail3 days ago

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.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Enterprise Products Down 2.7% in 3 Months: Should You Avoid EPD Stock?
Enterprise Products Down 2.7% in 3 Months: Should You Avoid EPD Stock?

Globe and Mail

time24 minutes ago

  • Globe and Mail

Enterprise Products Down 2.7% in 3 Months: Should You Avoid EPD Stock?

Units of Enterprise Products Partners LP EPD declined 2.7% over the past three months compared with the 3.8% fall of the composite stocks belonging to the industry. With limited capital expenditure flexibility and oil price sensitivity to hurt its business, should investors avoid EPD stock? To answer this billion-dollar question, let's delve into the partnership's fundamentals and business outlook before coming to the investment conclusion. EPD's High Capital Commitments With Limited Flexibility Enterprise Products is spending $7.6 billion on growth midstream projects, comprising building new pipelines, gas processing plants and export facilities that are currently under construction. However, on its first-quarter earnings call, the partnership disclosed that a large portion of its planned 2026 spending, between $1.8 billion and $1.9 billion, is already allocated to completing projects that have been formally approved. These projects have passed the Final Investment Decision (FID) stage, indicating that construction is in progress and the company is firmly committed to moving forward with them. Because of this, even if Enterprise Products' business market environment gets worse, it can't easily reduce or delay this spending, which is a big risk to the midstream energy giant's operations. This is because EPD may end up with lower-than-expected returns on these major investments if the economy weakens. Oil Price Sensitivity May Hurt Enterprise Products' Business Enterprise Products relies heavily on oil prices since it has a strong presence in the Permian. Shippers utilize EPD's pipeline networks to transport crude from the most prolific basin of the United States to the end market or refineries. This confirms that Enterprise Products' midstream business is sensitive to oil prices. For the long term, EPD generally expects the price of West Texas Intermediate (WTI) to hover around $65 per barrel. However, on the earnings call for first-quarter 2025, the partnership expressed a more cautious outlook that oil will trade at $55 or even $60 per barrel in the next three to five years. The partnership mentioned that at $55 to $60 per barrel, producers are generally capable of maintaining current production levels and mostly stop investing in new drilling. Thus, it seems that EPD expects oil production to slow down due to declining oil prices. Once there is a slowdown in volumes, there will be lower demand for the partnership's pipeline network, which could hurt its revenue generation in the coming years. Should Investors Get Rid Of EPD Stock? Although EPD generates stable fee-based revenues like Kinder Morgan KMI and Enbridge ENB, investors should stay away from the stock, given the business challenges. Considering KMI's business, it operates an extensive network of pipelines spanning 79,000 miles, transporting natural gas, gasoline, crude oil and carbon dioxide. In addition, the company owns 139 terminals that store a variety of products, including renewable fuels, petroleum products, chemicals and vegetable oils. As a leading midstream service provider, Kinder Morgan's pipeline and storage assets are secured under long-term take-or-pay contracts, generating almost two-thirds of its EBITDA. These contracts ensure the stability of Kinder Morgan's business. Similarly, Enbridge benefits from the long-term, fee-based nature of its midstream operations. Its pipelines transport 20% of the total natural gas consumed in the United States. The company generates stable, fee-based revenues from these midstream assets, as they are booked by shippers on a long-term basis, minimizing commodity price volatility and volume risks. Adding to its stability, ENB will generate incremental cash flows from its C$28 billion backlog of secured capital projects, which include liquids pipelines, gas transmission, gas distribution and storage, and renewables. The maximum in-service date is 2029. Coming back to EPD's valuation story, the partnership is currently trading at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 10.27x. This represents a discount compared with the broader industry average of 11.63x and midstream giants like Kinder Morgan and Enbridge, which trade at 14.25x and 15.39x, respectively. Image Source: Zacks Investment Research To conclude, although Enterprise Products' business model is backed by long-term contracts and the stock is currently undervalued, considering the ongoing business challenges, investors should get rid of the stock, which may witness further decline in unit prices. The partnership currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Enterprise Products Partners L.P. (EPD): Free Stock Analysis Report Enbridge Inc (ENB): Free Stock Analysis Report Kinder Morgan, Inc. (KMI): Free Stock Analysis Report

CrowdStrike Bets Big on Next-Gen SIEM: Will it Fuel Growth Momentum?
CrowdStrike Bets Big on Next-Gen SIEM: Will it Fuel Growth Momentum?

Globe and Mail

time24 minutes ago

  • Globe and Mail

CrowdStrike Bets Big on Next-Gen SIEM: Will it Fuel Growth Momentum?

CrowdStrike CRWD is doubling down on the next generation of Security Information and Event Management (SIEM) as part of its mission to protect enterprises against evolving cyber threats. The company's Falcon Next-Gen SIEM is modernizing the way businesses detect, investigate, and respond to security incidents. Unlike traditional SIEM tools that often struggle with high costs, complexity, and data overload, CrowdStrike's solution is designed to deliver faster insights at lower operational costs. By integrating SIEM with its Falcon platform, the company is providing end-to-end visibility across devices, cloud workloads, and user identities. Enterprises could now leverage the CrowdStrike Falcon agent to automate data collection for endpoints and cloud workloads. CRWD also unified adversary-driven detection across all data sources, implemented AI-based investigations and systemized response workflows through Falcon Fusion SOAR. The Next-Gen SIEM also provides 24/7 managed detection and response services. CrowdStrike's Next-Gen SIEM also brings in scalability through cloud-native operations, improved compliance support and advanced analytics. The solution ensures seamless integration of cloud with endpoint tools, making its implementation convenient for CrowdStrike's enterprise customers. To enhance its Next-Gen SIEM platform, CrowdStrike launched Falcon Adversary OverWatch Next-Gen SIEM in April 2025. This is a managed threat hunting solution from CrowdStrike that extends the company's threat hunting capabilities to third-party data sources, enabling real-time, expert-led threat detection and analysis. The Next-Gen SIEM is gaining robust traction, as testified by its 100% year-over-year ARR growth in the first quarter of fiscal 2026. Financially, the Falcon Next-Gen SIEM could help CrowdStrike sustain its strong growth. The solution is gaining robust traction, as testified by its 100% year-over-year annual recurring revenue (ARR) growth in the first quarter of fiscal 2026. This was way higher than the company's overall first-quarter ARR growth of 22%. How Competitors Fare Against CRWD Palo Alto Networks PANW launched Cortex XSIAM, an upgrade over its traditional SIEM, with significant enhancements like AI-driven analytics, automation, enhanced threat detection and response, MITRE ATT&CK Coverage Dashboards and streamlined alert prioritization. PANW is also experiencing solid traction in its Cortex XSIAM, which has witnessed ARR growth of 200% year over year in the third quarter of fiscal 2025. International Business Machines IBM has also enhanced its SIEM capabilities with the launch of QRadar SIEM Suite, which is cloud native and has added features of XDR, SOAR, and threat detection. The solution seamlessly integrates with IBM Security services, reducing barriers to adoption. As the legacy SIEM market is getting backdated and under-equipped to handle advanced cyber threats, multiple companies are venturing into this space. The total addressable market for XSIAM or Next-Gen SIEM is large enough to accommodate the growth of multiple players. This is the reason why CrowdStrike Next-Gen SIEM might prove to be a growth engine for the company. CrowdStrike's Price Performance, Valuation and Estimates Shares of CrowdStrike have gained 39.4% year to date compared with the Zacks Security industry's growth of 21%. From a valuation standpoint, CRWD trades at a forward price-to-sales ratio of 23.18X, higher than the industry's average of 14.63X. The Zacks Consensus Estimate for CRWD's fiscal 2026 earnings implies a decline of 11%, while the 2027 earnings estimates imply growth of 34.7%. The estimates for fiscal 2026 and 2027 earnings have been revised upward in the past 30 days. CRWD currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Palo Alto Networks, Inc. (PANW): Free Stock Analysis Report CrowdStrike (CRWD): Free Stock Analysis Report

More than 1 million power banks recalled after some consumers report fires
More than 1 million power banks recalled after some consumers report fires

Globe and Mail

time24 minutes ago

  • Globe and Mail

More than 1 million power banks recalled after some consumers report fires

NEW YORK (AP) — More than 1.15 million power banks are under recall across the U.S. after some fires and explosions were reported by consumers. According to a Thursday notice from the U.S. Consumer Product Safety Commission, electronics maker Anker Innovations is recalling certain 'PowerCore 10000' power banks because the lithium-ion battery inside can overheat. An overheating battery can lead to 'melting of plastic components, smoke, and fire hazards,' Anker wrote in an accompanying announcement. The company added that it was conducting this recall "out of an abundance of caution to ensure the safety of our customers." According to the CPSC, China-based Anker has received 19 reports of fires and explosions involving these now-recalled portable chargers. That includes two minor burn injuries and 11 reports of property damage amounting to over $60,700. The recalled 'PowerCore 10000' power banks have a model number of A1263. They were sold online at Anker's website — as well as Amazon, eBay and Newegg — between June 2016 and December 2022 for about $27 across the U.S., per the recall notice. Consumers in possession these now-recalled chargers are urged to stop using them immediately — and contact Anker for a free replacement. Impacted consumers can visit Anker's website for more information and register for the recall. To receive a replacement, consumers will need to submit a photo of their recalled power bank that shows its model number, serial number, their name, date and the word 'recalled' written on the product. Both the CPSC and Anker note that these power banks should not be thrown directly in the trash or general recycling streams. Due to fire risks, recalled lithium-ion batteries must be disposed of differently than other batteries — so it's important to check local guidance.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store