PANews reported on May 13 that according to Bitcoin Magazine, crypto wallet service provider Exodus released its unaudited financial report for the first quarter of 2025, with revenue growing 24% year-on-year to $36 million, reaching a historical high. The company's total digital asset holdings were valued at $238 million, with 2,011 Bit (worth $166 million) accounting for the majority, an increase of 70 from the end of 2024. Other holdings include 2,693 Ethereum ($4.9 million) and a $62.8 million USDC and Treasury bond portfolio.
Despite a 30% decline in monthly active users to 1.6 million, the number of effective users at the end of the period remained at 1.8 million. The trading 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), primarily due to an unrealized loss of $28.8 million on digital asset holdings. Management stated that they will continue their self-custody strategy and expand their business boundaries.
