TechFlow, November 25 — According to CoinDesk, U.S.-listed cryptocurrency wallet company Exodus Movement (NYSE American: EXOD) announced its acquisition of W3C Corp for $175 million. W3C Corp is the parent company of crypto card and payments firms Baanx and Monavate.
The acquisition is funded through cash reserves and financing provided by Galaxy Digital, secured by Bitcoin held by Exodus. Upon completion, Exodus will own the underlying card and payment infrastructure, enabling it to issue payment cards via networks such as Visa, Mastercard, and Discover, and expand its operations into the United States, the United Kingdom, and the European Union.
Exodus CEO JP Richardson stated that this move is a significant step toward the company's mission of self-custody and mainstreaming crypto payments, bridging the gap between holding and spending. The transaction is expected to close in 2026, subject to customary adjustments and approval procedures.
