PANews reported on May 13 that according to Bitcoin Magazine, crypto wallet service provider Exodus announced its unaudited financial report for the first quarter of 2025, with revenue increasing 24% year-on-year to $36 million, a record high. The company's digital asset holdings totaled $238 million, of which 2,011 bitcoins (worth $166 million) accounted for the majority, an increase of 70 compared to the end of 2024. Other holdings included 2,693 Ethereums (US$4.9 million) and a combination of $62.8 million in USDC and Treasury bonds.
Although monthly active users dropped 30% to 1.6 million, the number of effective users at the end of the period remained at 1.8 million. The transaction volume this quarter reached US$2.18 billion. R&D and technical support expenses increased 39% to US$14.9 million, with a net loss of US$12.9 million (net profit of US$54.8 million in the same period last year), mainly due to a floating loss of US$28.8 million in digital asset holdings. Management said it would continue the self-custody strategy and expand the business boundaries.
