Exodus Crypto Wallet Provider Lists Shares on NYSE American
Industry insiders predict more crypto IPOs in 2025. A recent uplisting of a segment player to a major exchange may provide insight into this trend.
Shares of crypto wallet provider Exodus became available on the NYSE American stock exchange Wednesday, marking a significant milestone for the company after a delay in May.
Exodus positions itself as “a pure-play crypto company” amid increasing investor interest. CFO James Gertneztke stated that access to capital markets could support product and marketing initiatives or acquisitions.
The focus for 2025 includes launching products that bridge the traditional finance and crypto gap, such as passkeys and XO Swap. Gertneztke mentioned their existing treasury, which consists of 1,900 BTC and 2,660 ETH, provides substantial financial support.
Exodus has held bitcoin since its founding in 2015, receiving most revenue in BTC and USDC. Recent record volumes from its exchange aggregator allowed it to add 100 BTC to its treasury.
Despite holdings being smaller compared to larger entities like MicroStrategy, the current value of 1,900 BTC is approximately $200 million. The company plans to continue purchasing BTC in the upcoming year.