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Exodus Q1 earnings report: Total digital asset holdings reached US$238 million, and Bitcoin holdings increased to 2011

Internet reports that cryptowallet service provider Exodus announced unaudited financial results for the first quarter of 2025, with revenue increasing 24% year-on-year to US$36 million, a record high. The company's total digital asset holdings reached US$238 million, of which 2011 bitcoins (worth US$166 million) accounted for the main part, an increase of 70 coins compared with the end of 2024. Other positions include 2693 Ethereum (US$4.9 million) and a US$62.8 million USDC and Treasury bonds combination. Although monthly active users dropped by 30% to 1.6 million, effective users at the end of the period remained at 1.8 million. Transaction processing volume reached US$2.18 billion during the quarter. R & D and technical support expenses increased 39% to US$14.9 million, with a net loss of US$12.9 million (net profit of US$54.8 million for the same period last year), mainly due to a floating loss of US$28.8 million on digital asset holdings. Management stated that it will continue the self-hosting strategy and expand business boundaries.

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