Exodus reported weaker Q1 2026 results as revenue fell to $22.7 million from $36 million a year earlier and net loss widened to about $32 million from nearly $13 million. The company reduced its Bitcoin holdings from 1,704 BTC to 628 BTC, selling more than 1,000 Bitcoin for roughly $73 million, with nearly all proceeds directed toward acquiring W3C Corp., parent of Monavate and Baanx. Exchange aggregation revenue declined by almost $14 million as trading activity slowed, monthly active users slipped to 1.5 million from 1.6 million, and quarterly funded users fell 22% to 1.4 million from 1.8 million. Exodus also reported a $36.4 million net loss on its digital asset portfolio, including $76.8 million in unrealized losses offset partly by $40.4 million in realized gains, while cash and cash equivalents rose to nearly $73 million from $4.9 million. The company also launched XO Cash on Solana with MoonPay, a stablecoin toolkit that enables AI agents to make purchases over Visa’s network without exposing private keys.