Exodus Movement selling Bitcoin to fund payments amid losses, illustrated with digital finance graphics and declining charts.
Exodus Movement selling Bitcoin to fund payments amid losses, illustrated with digital finance graphics and declining charts.
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Exodus sells bitcoin to fund payments push after posting loss

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Exodus Movement sold more than 1,000 bitcoin in the first quarter to raise cash for its payments acquisitions. The company reported a wider net loss as revenue declined sharply.

Exodus Movement cut its bitcoin holdings by 63 percent to 628 BTC by the end of March. The firm sold 1,076 BTC and $73.2 million in total cryptocurrency during the quarter, lifting its cash, cash equivalents and stablecoins to $74.4 million from $5.2 million. Proceeds are earmarked for the pending W3C acquisition and related obligations, the company said in its filing.

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Users discussed Exodus selling over 1,000 BTC in Q1 to fund payments acquisitions, noting the resulting wider net loss and revenue drop. Reactions ranged from neutral reporting on the treasury shift toward cash and payments infrastructure to skeptical views on liquidating Bitcoin holdings versus corporate BTC accumulation strategies. Some highlighted potential diversification benefits in crypto payments while others flagged risks if the pivot underperforms.

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Illustration of Coinbase stock rebounding after earnings miss and AWS outage, with Bitcoin above $80,000.
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Coinbase rebounds after earnings miss and aws outage

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Coinbase shares recovered 10 percent from session lows on Friday following a weaker-than-expected first-quarter report and a multi-hour trading outage tied to Amazon Web Services failures. Bitcoin held above $80,000 while several altcoins posted gains of 5 to 12 percent.

Strategy, the largest corporate holder of bitcoin, reported a $12.77 billion net loss for the first quarter while its bitcoin holdings grew. Chief executive Michael Saylor signaled the company may sell some of its bitcoin to stabilize the market.

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Coinbase announced a $667 million net loss for the fourth quarter of 2025, marking its first quarterly deficit since 2023. The loss stemmed primarily from non-cash write-downs on its cryptocurrency holdings and strategic investments, despite record highs in trading volume and market share. Total revenue fell 21.6% year-over-year to $1.78 billion, missing analyst expectations.

Following a mid-week rally above $68,000, Bitcoin retreated toward $70,000 by early March 6, 2026, erasing $110 billion in market capitalization amid worsening Iran conflict, rising oil prices, and a strengthening U.S. dollar. The pullback occurs despite ongoing institutional adoption, with $2.6 billion in Bitcoin options set to expire, heightening volatility risks.

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A long-dormant bitcoin wallet transferred approximately $40 million worth of BTC on Sunday to a new address. The move comes as the cryptocurrency trades near $80,700. Blockchain data shows the coins had remained untouched since November 2013.

Tether, the issuer of the largest stablecoin USDT, announced a first-quarter net profit of $1.04 billion for 2026. The company's excess reserves reached a record $8.23 billion, with total assets nearing $192 billion against liabilities of about $183.5 billion. Reserves include significant holdings in U.S. Treasuries, gold, and bitcoin.

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