Exodus dumps 1,000 bitcoin: Why the crypto wallet is cashing out to fund a payments empire

Exodus sold $73.2M in crypto, causing cash, cash equivalents, and stablecoins to jump from $5.2M to $74.4M by the end of Q1 2026. What to know : Exodus cut its bitcoin holdings by 63% (1,076 BTC) in Q1 to raise cash for the W3C payments acquisition, moving $70 million into US dollar reserves. Exodus sold $73.2 million in crypto, causing cash, cash equivalents, and stablecoins to jump from $5.2 million to $74.4 million by the end of Q1 2026. Q1 2026 revenue fell 36.8% to $22.7 million, and net loss widened to $32.1 million (from $12.9 million), largely due to a $36.4 million loss on crypto holdings.