Exodus Movement Acquires Outstanding Shares of Baanx US Corp. for $30M

AI summary

OMAHA, Neb., May 01, 2026 (GLOBE NEWSWIRE) -- Exodus Movement, Inc. (NYSE American: EXOD) ("Exodus"), a leading self-custodial cryptocurrency platform, today announced that it has acquired the outstanding shares of Baanx US Corp. and certain other assets from W3C Corp. The purchase price for the transaction was $5 million payable upon the transfer of specified assets, with an additional $25 million in deferred consideration payable over four years.