Exodus Slashes 63% BTC Holdings for $175M Deals; Shares Hit $6.97 Down 53% YTD, BTC ~$80K

Coverage through May 13 highlights Exodus Movement's Q1 sale of 1,076 BTC (63% of treasury, from 1,704 to 628 BTC) for $73.2M to fund $175M acquisitions of Monavate and Baanx, closed May 1. Revenue dropped 36.8% to $22.7M with net loss widening to $32.1M from $12.9M, driven by $36.4M crypto losses and user declines; cash surged to $74.4M while Solana holdings rose to 17,541 SOL. Shares tumbled 52.87% YTD to $6.97 amid BTC near $80K, compounding institutional selling pressure with MARA's $1.5B BTC dump.