PANews reported on May 4th that Exodus Movement (NYSE American: EXOD), a self-custodied cryptocurrency platform, released its preliminary financial results for the first quarter of 2026. Revenue for the period was approximately $22.7 million, a 36.9% decrease year-over-year. The company held approximately $46.7 million in crypto assets, including 628 Bitcoins (worth $42.8 million) and 1,861 Ethereum (worth $3.9 million). In addition, cash, cash equivalents, and stablecoins totaled $74.4 million, bringing total assets to $122.6 million.

This quarter, Exodus launched Exodus Pay, covering all 50 U.S. states and some international markets, aiming to build a comprehensive self-custodied financial platform. Despite a challenging market environment, the company plans to diversify its business and reduce its reliance on market volatility through new product launches and strategic acquisitions (such as the acquisition of Monavate).