Exodus Shifts from Wallet to Full Crypto Payments Company After Selling $87M in Bitcoin
The post Exodus Shifts from Wallet to Full Crypto Payments Company After Selling $87M in Bitcoin appeared on BitcoinEthereumNews.com. TLDR: Exodus launched Exodus Pay, a platform letting users spend crypto directly from wallets across the U.S. and Europe. The firm acquired Monavate and Baanx to build out its full-stack crypto payments infrastructure in Q1 2026. Exodus cut Bitcoin holdings from 1,704 BTC to 628 BTC, using proceeds to become fully debt-free this quarter. XO Cash, Exodus’s new dollar-backed stablecoin, is positioned as the first stablecoin designed for AI agents. Exodus (EXOD), the publicly traded Bitcoin wallet firm, is broadening its scope beyond wallets into a full crypto payments company. The firm announced this shift alongside its Q1 earnings report, backed by two strategic acquisitions and a new stablecoin launch. Its balance sheet also changed sharply, with Bitcoin holdings cut significantly to fund debt repayment and acquisition costs. Shares closed Tuesday at $6.