8-K: Exodus Movement Reports June 2025 Metrics: Digital Asset Holdings Rise Amidst User and Swap Volume Declines

Exodus Movement, Inc. announced its June 2025 digital asset holdings, user metrics, and exchange provider processed volume, showing growth in treasury assets but a decrease in monthly active users and swap volume.

Summary

• Exodus Movement, Inc. reported its selected digital asset holdings as of June 30, 2025, including 2,058 BTC, 2,729 ETH, and 31,823 SOL.
• Bitcoin holdings increased to 2,058 BTC from 2,038 BTC as of May 31, 2025.
• Ethereum holdings increased to 2,729 ETH from 2,721 ETH as of May 31, 2025.
• Solana holdings increased to 31,823 SOL from 29,109 SOL as of May 31, 2025.
• Monthly Active Users (MAUs) were 1.5 million as of June 30, 2025, a decrease from 2.2 million MAUs as of May 31, 2025.
• Passkeys wallets accounted for 21,000 MAUs in June, significantly down from approximately 675,000 in May, which was driven by a one-time promotion.
• Exodus exchange provider processed volume was $446 million for June 2025, a decrease from $486 million for May 2025.
• Of the June swap volume, $90 million (20%) originated from the company's XO Swap partners.
• The company emphasized its strong position to benefit from increasing global adoption of stablecoins, supporting a wide variety of stablecoins and over 40 different networks.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. While there were declines in MAUs and swap volume, the company provided a clear explanation for the MAU drop (one-time promotion) and showed consistent growth in its core digital asset treasury holdings. The strategic focus on stablecoins and multi-chain support also indicates a forward-looking and adaptive business strategy.

Positives

• Digital asset treasury holdings increased across Bitcoin, Ethereum, and Solana from May to June 2025, indicating growth through operations.
• The company is strategically positioned to benefit from the increasing global adoption and utility of stablecoins, supporting major stablecoins and over 40 different networks.
• XO Swap partners contributed a significant 20% ($90 million) of the total exchange provider processed volume in June 2025.

Negatives

• Monthly Active Users (MAUs) decreased to 1.5 million in June 2025 from 2.2 million in May 2025, primarily due to the conclusion of a one-time Passkeys promotion.
• Exchange provider processed volume decreased to $446 million in June 2025 from $486 million in May 2025.

Risks

• The document refers to general risks, uncertainties, and other important factors that could cause actual results to differ materially from forward-looking statements, as detailed in Item 1. Business and Item 1A. Risk Factors of the Form 10-K filed on March 6, 2025. No specific new risks are detailed within this filing.

Future Outlook

Exodus Movement, Inc. is strongly positioned to benefit from the increasing global adoption of stablecoins. The company plans to continue building digital asset experiences across multiple chains, enhancing its position in growing areas like stablecoins and tokenized stocks, and believes it will continue to build a better financial future powered by blockchain technologies.

Management Comments

• "We continued to grow our digital asset treasury through our operations in June as overall markets, including digital asset markets, saw lower volatility and volumes at the start of the summer." James Gernetzke, CFO.
• "Exodus continues to build amazing digital asset experiences across multiple chains, helping to enhance our position in growing areas such as stablecoins and tokenized stocks." James Gernetzke, CFO.
• "Stablecoins are just one prominent use case supported by the company's products." JP Richardson, CEO (from his keynote presentation titled 'The Trojan Horse Behind Bitcoin Adoption' at Bitcoin 2025).

Industry Context

The announcement highlights Exodus's strategic focus on stablecoins, aligning with a broader industry trend where stablecoins are gaining traction as a critical component for digital asset transactions and financial innovation. The emphasis on supporting a wide variety of stablecoins and multiple blockchain networks positions Exodus to capitalize on the evolving landscape of decentralized finance and tokenized assets, where secure and versatile digital wallets are essential.

Stakeholder Impact

• Shareholders: The update provides insight into the company's operational performance, treasury management, and strategic direction, which can influence investment decisions.
• Users: The focus on stablecoin support and multi-chain experiences indicates continued development and enhancement of the Exodus platform, potentially improving user experience and utility.
• Partners: The contribution of XO Swap partners to volume highlights the importance of these relationships to the company's business model.

Next Steps

• Continue to build digital asset experiences across multiple chains.
• Enhance position in growing areas such as stablecoins and tokenized stocks.
• Continue to build a better financial future powered by blockchain technologies.

Key Dates

Keywords

cryptocurrency, digital assets, stablecoins, Bitcoin, Ethereum, Solana, self-custodial wallet, crypto platform, financial technology, blockchain, monthly active users, swap volume, treasury update