---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-311930"
form_type: "8-K"
ticker: "EXOD"
cik: "0001821534"
company_name: "Exodus Movement, Inc."
filed_at: "2025-12-09T23:59:59+00:00"
generated_at: "2026-05-16T13:49:59.055610+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Exodus reports drops in BTC, SOL holdings; MAUs and swap volume decline in November

## Summary
- BTC holdings fell to 1,902 BTC (from 2,147); 1,116 BTC pledged as collateral to Galaxy Digital.
- SOL holdings dropped to 31,050 SOL (from 49,567); ETH rose slightly to 2,802.
- Monthly Active Users declined to 1.5M (from 1.6M); swap volume down to $549M from $683M.
- CFO cites W3C acquisition as driver of treasury use; retains financing optionality.

## SEC filing metadata
- accession: 0001193125-25-311930
- form_type: 8-K
- ticker: EXOD
- cik: 0001821534
- company_name: Exodus Movement, Inc.
- filed_at: 2025-12-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821534/000119312525311930/0001193125-25-311930-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821534/000119312525311930/exod-20251209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-311930
- JSON: https://secwatch.observer/filing/0001193125-25-311930.json
- Plain text: https://secwatch.observer/filing/0001193125-25-311930.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.