Exodus Movement, Inc. (EXOD): debt financing — Exodus borrows $60M from Galaxy Digital in Bitcoin-collateralized loan at 9% interest

Exodus Movement, Inc.

Principal amount of $60 million under Master Digital Currency Loan Agreement with Galaxy Digital LLC.
Loan secured by Bitcoin (BTC) collateral at 150% initial level; margin call thresholds at 140% and 135%.
Interest rate of 9% per annum; evergreen facility with 30-day recall or redelivery option for either party.
Proceeds to maintain capital readiness for potential future strategic transactions.
Collateral custodied at Anchorage Digital Bank; loan not subject to rehypothecation by lender.

item 2.03

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Exodus Movement, Inc. incurred loan of $60 million with Galaxy Digital LLC at 9% per annum.

Instrument: loan
Principal: $60 million
Counterparty: Galaxy Digital LLC
Rate: 9% per annum
Event: incurrence

Exact text from the filing

On November 17, 2025, the Company incurred indebtedness in the principal amount of $60 million (the “ November 2025 Loan ”) pursuant to a loan term sheet executed under its Master Digital Currency Loan Agreement (the “ Digital Currency Loan Agreement ”) with Galaxy Digital LLC (the “ Lender ”).

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Exodus Movement, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-291325

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