Exodus sells 1,076 BTC in Q1, pivots to Solana and cash for payments push

Exodus Movement sold 1,076 bitcoin in the first quarter, slashing its BTC holdings by more than 60% as the crypto wallet provider pivots its balance sheet toward cash and Solana to fund a payments expansion.

The company held 628 BTC at the end of March, down from 1,704 BTC on Dec. 31, according to its latest quarterly filing. The value of those holdings fell to $42.8 million from $149.2 million. Meanwhile, Exodus added 5,068 SOL during the quarter, bringing its Solana holdings to 17,541 SOL. Revenue dropped 36.8% to $22.7 million from a year earlier, and net loss widened to $32.1 million, driven partly by a $36.4 million loss on crypto. The moves come as Exodus prepares to close its acquisition of W3C, a payments company, signaling a strategic shift from a pure crypto treasury to a more diversified financial services model.

For cryptocurrency traders, Exodus's decision to reduce bitcoin exposure and increase Solana and cash holdings reflects a broader trend of companies managing digital asset treasuries more actively, often ahead of major corporate events. The sale of such a large BTC position could add to selling pressure in the market, though the impact may be limited given the size relative to daily volumes. Traders can track real-time price movements of BTC and SOL on NowPrice's live crypto dashboard to gauge market reaction. The pivot also highlights the growing use of Solana as a treasury asset, which may support SOL's price narrative as a payments-focused blockchain.

Looking ahead, investors will watch for the completion of the W3C acquisition and how Exodus integrates payments into its wallet ecosystem. The company's next earnings report will reveal whether the cash and Solana strategy improves revenue and narrows losses. Broader market attention will also focus on bitcoin's price stability after the large sale and whether other crypto-native firms follow a similar de-risking approach.