According to PANews, cryptocurrency wallet provider Exodus announced its unaudited financial report for Q1 2025, with revenue increasing by 24% year-on-year to $36 million, setting a new record. The company's total value of digital asset holdings reached $238 million, with 2,011 bitcoins making up the majority, an increase of 70 bitcoins from the end of 2024. Other holdings include 2,693 ethers and a combination of $62.8 million in USDC and government bonds.
Despite a 30% decrease in monthly active users to 1.6 million, the number of effective users at the end of the period remains at 1.8 million. The transaction processing volume for this quarter reached $2.18 billion. Research and development, as well as technical support expenses, increased by 39% to $14.9 million, resulting in a net loss of $12.9 million, primarily due to a paper loss of $28.8 million on digital asset holdings. Management indicated that they will continue their self-custody strategy and expand business boundaries.
