PANews reported on May 13 that cryptocurrency wallet provider Exodus published its unaudited financial report for the first quarter of 2025, showing a year-on-year revenue increase of 24% to $36 million, a record high. The company's total value of digital asset holdings reached $238 million, of which 2,011 bitcoins (valued at $166 million) made up the major portion, with an increase of 70 bitcoins since the end of 2024. Other holdings include 2,693 ethers ($4.9 million) and a combination of $62.8 million in USDC and government bonds.
Although monthly active users decreased by 30% to 1.6 million, the number of effective users at the end of the period remained at 1.8 million. The transaction processing volume for this quarter reached $2.18 billion. Research and development and technical support expenses increased by 39% to $14.9 million, with a net loss of $12.9 million (compared to a net profit of $54.8 million in the same period last year), mainly due to unrealized losses on digital asset holdings amounting to $28.8 million. Management stated that they will continue the self-custody strategy and expand business boundaries.
