Briefly
Income rose 51% to $30.3 million, with exchange-provider quantity reaching $1.75 billion within the third quarter.
Exodus ended the interval with $314.7 million in digital and liquid property, together with 2,123 BTC and a couple of,770 ETH.
The replace follows a slowdown in company Bitcoin shopping for, with firms including 14,447 BTC in October, the smallest month-to-month enhance of 2025.
NYSE-listed Exodus Motion reported a stronger third-quarter efficiency this week as companies throughout the sector leaned extra closely on Bitcoin-driven exercise whereas broader company accumulation cooled.
The corporate reported a 51% year-over-year rise in income to $30.3 million within the third quarter, supported by larger swap exercise and elevated exchange-provider volumes.
Internet revenue rose to $17 million, up from $800,000 a 12 months earlier, in keeping with the corporate’s Q3 submitting. Trade-provider quantity reached $1.75 billion, up 82% from the prior 12 months.
Exodus ended the quarter with 2,123 BTC, 2,770 ETH, and $50.8 million in money, USDC, and Treasury payments, for whole digital and liquid property valued at $314.7 million.
Chief Monetary Officer James Gernetzke advised Decrypt that 60% to 65% of month-to-month income is paid in Bitcoin by third-party liquidity suppliers that course of consumer swaps.
“As transaction quantity will increase, notably on the B2C aspect, which is our core enterprise, we earn extra Bitcoin-based income,” he mentioned.
Exodus makes use of a part of that Bitcoin to cowl working bills, together with salaries and vendor payments, and provides the remainder to its treasury. The corporate sometimes converts Bitcoin to USDC to fulfill liquidity necessities.
Exodus additionally introduced the acquisition of Grateful, a Latin America-based stablecoin funds platform. The corporate mentioned the deal will develop its funds capabilities and help deliberate development in rising markets.
The replace comes as company Bitcoin accumulation throughout the broader market has slowed.
Corporations added 14,447 BTC in October, the smallest month-to-month enhance of 2025, after buying greater than 38,000 BTC in September, Decrypt just lately reported.
Whole tracked holdings throughout firms, governments, and ETFs nonetheless reached a report 4.05 million BTC, valued at roughly $444 billion, in keeping with a latest report from BitcoinTreasuries.internet. Promoting remained restricted, with companies offloading solely 39 BTC throughout the month.
A number of treasury-focused firms have shifted towards capital-efficiency measures akin to buybacks and credit score amenities as fairness valuations soften and financing circumstances tighten.
Analysts estimate that public firms now account for about 5% of Bitcoin’s illiquid provide, with long-term holders making up a rising share of the asset’s base.
Gernetzke mentioned Bitcoin-denominated income stays central to Exodus’s working mannequin, with the corporate aiming to combine the Grateful acquisition because it expands its funds providing.
Each day Debrief E-newsletter
Begin every single day with the highest information tales proper now, plus unique options, a podcast, movies and extra.
