As institutional interest in Bitcoin and altcoins continues to grow at full speed, another company has announced its investments in Bitcoin and Ethereum.
Accordingly, Exodus Movement, a digital asset wallet provider, reported that it has $200 million worth of BTC and ETH assets.
In the official statement made by Exodus Movement, it was stated that the company held more than 1,900 BTC and 2,660 ETH as of December 11.
Based on current market prices, BTC and ETH assets are valued at around $200 million.
“Exodus is a leading digital asset wallet provider and we generate revenue primarily in Bitcoin and USDC,” said James Gernetzke, Exodus CFO. “As our Exchange Aggregator traded at record volume in Q4, associated revenues added more than 100 Bitcoin to our treasury since we reported our holdings at the end of Q3.”
Exodus is awaiting a listing on the NYSE, and the SEC has completed its review of Exodus’ filing, bringing Exodus one step closer to being listed on the NYSE.
*This is not investment advice.
