Exodus Significantly Reduces Bitcoin Holdings to Fund Acquisition of W3C Payment Business
Source:
www.coindesk.com
According to CoinDesk, Exodus Movement (EXOD), a crypto wallet company, sold 1,076 BTC in Q1, reducing its BTC holdings by 63%, while increasing its SOL holdings by 5,068 tokens during the same period. The company sold $73.2 million worth of crypto assets, and its cash and stablecoin reserves surged from $5.2 million to $74.4 million—of which over $70 million has been allocated as dedicated funding for the acquisition of W3C’s payments business.