Exodus sells over 1,000 Bitcoin as Q1 loss widens to $32M
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Exodus shares fell 5.75% to $7.71 on May 12 and slipped a further 3.11% to $7.47 in pre‑market trading.
- Exodus launched XO Cash, a Solana‑based stablecoin toolkit built with MoonPay that lets AI agents spend via Visa without exposing private keys.
- Exodus’s XO Cash enables developers to create agent‑linked wallets, set daily spending caps, restrict merchants, and issue virtual debit cards that settle in USDC or USDT through Monavate with no fees.
- Exodus sold over 1,000 Bitcoin (about $87 million) in Q1, widening its quarterly loss to $32 million.
Why it matters: Exodus shareholders lose value as the stock slides and a $32 M Q1 loss hits, while developers and merchants gain a fee‑free, AI‑driven stablecoin payment stack via XO Cash.
