PANews reported on May 12th that, according to CoinDesk, wallet service provider Exodus Movement (EXOD) sold approximately $73.2 million worth of crypto assets in the first quarter. Its Bitcoin holdings decreased by 1,076 coins, a drop of about 63%, leaving it with only 628 BTC. The fair value of its assets decreased from $149.2 million to $42.8 million. During the same period, it added 5,068 SOL, increasing its total holdings to 17,541 SOL. The company stated that the proceeds were primarily used to acquire the W3C payment business and pay for maturing assets. It also converted over $70 million into US dollar reserves, increasing its cash, cash equivalents, and stablecoin balance from $5.2 million to $74.4 million. Affected by the impairment and disposal of crypto assets, Exodus's first-quarter revenue declined by 36.8% year-on-year to $22.7 million, and its net loss widened to $32.1 million.