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Exodus announced updated figures for its digital asset holdings and swap volume as Bitcoin crossed the $100,000 mark.
According to a memo sent to Cryptocurrency. News, the company revealed preliminary financial data for the fourth quarter of 2024, which reflects the strong performance in the exchange services it provides.
Exodus reported holding over 1,900 bitcoins (Bitcoin) and 2,660 Ethereum (Ethereum) as of December 11. This represents an increase of 100 BTC in its treasury since the end of the third quarter of 2024.
CFO James Jernitzky attributed this growth to revenue generated by the platform’s stock exchange aggregator, which processed record volumes during the quarter. Exodus Movement Inc., an over-the-counter self-custodial cryptocurrency wallet provider, has set a goal of listing on the New York Stock Exchange.
High exchange volume
From October 1 to November 30, Exodus’ exchange pool handled $1.26 billion in trading volume, a significant increase compared to the $960 million processed during the entire third quarter of 2024.
The company also highlighted the progress made in its regulatory journey. The SEC has completed its review of Exodus’ Form 10-12 registration statement. This achievement brings Exodus closer to its goal of listing on the US New York Stock Exchange.
Exodus gets much of its revenue from Bitcoin and USDC (US dollars). The company’s self-custodial platform meets the needs of users looking for secure, non-custodial solutions for digital asset management.
The announcement comes after a period of increased activity in the digital asset market, driven by Bitcoin reaching a historic price point. The financial numbers disclosed are preliminary and unaudited, and the final results are expected to be obtained after the company completes the reporting process at the end of the financial year.
