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Business Upturn
2 days ago
- Business
- Business Upturn
Exodus Movement, Inc. May 2025 Treasury Update and Monthly Metrics
By GlobeNewswire Published on June 10, 2025, 16:20 IST 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, 2025Ethereum (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 or follow us on X at Investor Contact [email protected] Disclosure Information Exodus uses the following as means of disclosing material nonpublic information and for complying with disclosure obligations under Regulation FD: websites and 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. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Globe and Mail
2 days ago
- Business
- Globe and Mail
Exodus Movement, Inc. May 2025 Treasury Update and Monthly Metrics
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 or follow us on X at Investor Contact investors@ Disclosure Information Exodus uses the following as means of disclosing material nonpublic information and for complying with disclosure obligations under Regulation FD: websites and 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.
Yahoo
24-04-2025
- Business
- Yahoo
Bitcoin hovers above $90,000 as Trump backs off Powell and trade talks advance
Bitcoin has surged 10% over the past seven days and stayed above Bitcoin has been gaining ground. On Wednesday, the original cryptocurrency reached $94,000, its highest level since Mar. 2, after falling as low as $75,000 earlier this month. The rest of the crypto market has also rallied this week; Ethereum is up 11% in the last seven days, XRP up 7% and Solana up 13%. The traditional stock market is making gains as well after a historic meltdown earlier this month. The Nasdaq is up 5% in the last five days and the S&P 500 is up 4%. 'While the broader macro environment may be very volatile, especially for equities and fixed income, the digital asset class has been holding up remarkably well,' James Gernetzke, CFO of crypto wallet provider Exodus, told Fortune. Trump announced sweeping tariffs earlier this month, sending crypto into a tailspin. And although he temporarily paused tariffs on all other countries just a few days later, he raised levies to as high as 145% on Chinese imports. This week, however, Trump adopted a softer tone on the country, saying Tuesday that he plans to be 'very nice' in any trade talks with China. He added that he would 'substantially' lower the tariffs if the two countries can strike a deal. 'This week's announcements from the Trump administration on negotiations with China prospectively leading to a lowering of tariffs have reignited investor appetite, with Bitcoin emerging as the big winner,' Juan Leon, an investment strategist at crypto asset manager Bitwise, told Fortune. Treasury Secretary Scott Bessent also signaled that the president is 'very close' to closing a deal with India, and White House officials have touted advancements in talks with other nations as well. The relief rally also comes as Trump backs down from his threat to fire Fed chair Jerome Powell. The president has expressed frustration with the head of the central bank over his reluctance to lower interest rates as Trump's tariffs wreak havoc on financial markets. On Friday, the White House said that Trump was looking into whether he had the power to fire Powell, leading to concerns over the bank's independence. However, markets rebounded on Wednesday as Trump told reporters at the White House that he has 'no intention' of firing him. While Trump's feud with the Fed was short-lived, some crypto enthusiasts say it highlighted Bitcoin's strength as a decentralized asset not controlled by any one entity. As investors fled American assets, weakening the value of the U.S. dollar, Bitcoin's price continued to rise. 'In this environment, investors are seeking alternative safe-haven assets,' James Butterfill, head of research at ETF issuer CoinShares, told Fortune. This story was originally featured on Sign in to access your portfolio
