---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-312816"
form_type: "8-K/A"
ticker: "EXOD"
cik: "0001821534"
company_name: "Exodus Movement, Inc."
filed_at: "2025-12-09T23:59:59+00:00"
generated_at: "2026-05-16T13:49:57.581038+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Exodus November Treasury: BTC holdings drop 11%, MAUs and swap volume fall

## Summary
- BTC holdings fell to 1,902 from 2,147; 1,116 BTC pledged as collateral with Galaxy Digital.
- SOL holdings dropped to 31,050 from 49,567; ETH slightly increased to 2,802.
- Monthly active users fell to 1.5M from 1.6M; swap volume $549M vs $683M in Oct.
- CFO cites use of treasury for W3C acquisition, financing optionality remains.

## SEC filing metadata
- accession: 0001193125-25-312816
- form_type: 8-K/A
- 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: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821534/000119312525312816/0001193125-25-312816-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821534/000119312525312816/exod-20251209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-312816
- JSON: https://secwatch.observer/filing/0001193125-25-312816.json
- Plain text: https://secwatch.observer/filing/0001193125-25-312816.txt

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