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Bitcoin Wallet Exodus Raises $60 Million by Selling Stock in the Company

Amy Liu

Summary: Exodus, the creator of a popular non-custodial crypto wallet, has raised $60 million since April 8 by selling stock in the company. It’s calling the sale, which was cleared by the US Securities and Exchange Commission (SEC), the largest “regulated crypto public offering” ever. Last week, the company put $75 million in shares up for ...

Exodus, the creator of a popular non-custodial crypto wallet, has raised $60 million since April 8 by selling stock in the company. It’s calling the sale, which was cleared by the US Securities and Exchange Commission (SEC), the largest “regulated crypto public offering” ever.

Last week, the company put $75 million in shares up for sale at $27.42 apiece. However, instead of accepting US dollars, Exodus only took a trio of crypto assets commonly stored in its wallets: Bitcoin, Ethereum, and USDC stablecoin. Its plan is to tokenize the shares on a public blockchain within nine months.

By Amy Liu

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