Exodus Movement Increases Bitcoin Holdings, Aims for NYSE Uplisting

Exodus Movement has reported significant growth in its digital asset holdings and trading volumes, alongside plans for a potential listing on the New York Stock Exchange (NYSE). As of December 11, 2024, the company holds over 1,900 Bitcoin and 2,660 Ethereum, marking an increase of 100 Bitcoin since the end of Q3 2024. This growth is attributed to the revenues generated from Exodus’s exchange aggregator, which processed record trading volumes during the fourth quarter.

For the period between October 1 and November 30, 2024, Exodus’s exchange aggregator handled $1.26 billion in trading volume, a notable rise from the $960 million processed during Q3 2024. This uptick in volume reflects a strong demand for the platform’s services amid the bullish trend in the digital asset market, particularly with Bitcoin surpassing the $100,000 milestone.

The company is also progressing on its regulatory journey. The Securities and Exchange Commission (SEC) has completed its review of Exodus’s Form 10-12 registration statement, a key step toward Exodus’s goal of being listed on the NYSE American Stock Exchange.

Exodus Movement, which operates as an over-the-counter listed self-custodial cryptocurrency wallet provider, has generated much of its revenue from Bitcoin and USDC. The platform offers secure, non-custodial solutions for users to manage their digital assets.

These developments come as Exodus positions itself for further growth in the evolving cryptocurrency market, with a strong focus on expanding its exchange services and moving toward traditional financial markets with the NYSE uplisting. However, the financial data released by the company is preliminary and unaudited, with final results expected after the completion of its fiscal year-end reporting.