Crypto Firm Exodus Drains 63% Of Its Bitcoin Reserves As Q1 Loss Doubled Year Over Year

AI Briefing

• – Exodus sells 1,000+ Bitcoin to fund fintech push, reducing holdings by 63%.
• – Revenue drops 37% to $22.7 million, exchange aggregation takes biggest hit.
• – Company posts nearly $32 million net loss, cash and cash equivalents rise to $73 million.