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Exodus wallet sold 1,076 bitcoin in Q1 2026 to fund its $175 million acquisition of W3C’s payments business. This reduced their BTC holdings from 1,704 to 628 coins. Q1 revenue fell 36.8% to $22.7 million, leading to a net loss of $32.1 million. The company is pivoting towards becoming a crypto-native payments platform.
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