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Cryptocurrency Wallet Firm Holding 1,900 Bitcoin Lists on NYSE
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THE Exodusa recognized cryptocurrency wallet services company, was listed on the NYSE American last Wednesday (19). With 1.6 million monthly active users, Exodus is one of the oldest cryptocurrency wallets on the market.
Since its inception in 2015, Exodus has held Bitcoin in its portfolio. At the moment, the company has a solid user base and currently holds 1,900 Bitcoin (BTC) and 2,660 Ethereum (ETH),
Although the listing was approved, NYSE American postponed it. This is because there were delays in the review process with the US Securities and Exchange Commission (SEC).
As soon as the company announced the listing, the shares (ticker: EXOD) showed an increase of around 37% at the end of the trading session, after reaching an all-time high of US$56.57, according to Google Finance.
Exodus Cryptocurrency Wallet Hits the NYSE
CFO James Gertneztke stated, in a recent interview, that access to capital markets will be beneficial for product and marketing initiatives, in addition to enabling acquisitions of other companies.
He also highlighted that, in 2025, the company’s focus will be on launching and expanding products that connect the traditional financial system (TradFi) to cryptocurrencies. This includes access keys and XO Swapa company feature that allows users to exchange their cryptocurrencies quickly and directly, without the need to use a traditional exchange.
Since its founding in 2015, Exodus has held Bitcoin and made most of its revenue in BTC and USDC. Record volume processed by the company’s FX aggregator in the fourth quarter contributed to Exodus recently adding 100 BTC to its treasury.
In its third quarter 2024 report, Exodus highlighted positive financial results, with revenue of US$20.1 million, an increase of 68% compared to the same period in the previous year. The cost of revenue was US$11.3 million, resulting in a gross profit of US$8.8 million and a net profit of US$800 thousand. The results contrast with a loss of US$300,000 in the third quarter of 2023.
Although they seem small, especially in comparison to the leaders of the ranking, the 1,900 BTC are valued currently at approximately 200 milliona significant amount. Furthermore, Gertneztke made a point of stating that the company will continue to make new acquisitions next year.
Cryptocurrency Wallet Firm Holding 1,900 Bitcoin Lists on NYSE
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Cryptocurrency Wallet Firm Holding 1,900 Bitcoin Lists on NYSE
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Cryptocurrency Wallet Firm Holding 1,900 Bitcoin Lists on NYSE
