In 2025, industry insiders expect more ICOs to be conducted in the crypto space. A segment player was listed today on a large exchange.
The NYSE American Stock Exchange began trading shares of Exodus, a crypto wallet service provider. The NYSE American stock exchange opened its doors to Exodus shares on Wednesday. “finally” The company had planned for it in May, but an unplanned delay threw the plans off.
Exodus defines itself “a pure-play crypto company” Investors are increasingly seeking out exposure.
James Gertneztke, CFO of the company, said that access to capital market could help with product and marketing or buying another business.
Focus in 2025 will be to (extend) the reach of and launch products that (bridge the TradFi-crypto divide). He noted that passkeys, XO swap and other crypto products are available.
“We have a large warchest already so this is not necessarily an immediate impact,” Gertneztke referred to the capital market access. He’s talking about a warchest that includes a treasury of 1900 BTC, and 2,660 Ethereum.
Exodus holds bitcoins since it was founded in 2015. Exodus receives the majority of its revenues in BTC, USDC and other currencies. Revenues from its exchange processor processing record volumes in Q4 allowed Exodus to add 100 BTC recently to its treasury.
“We have no debt, so our holdings are not ‘levered,'” The CFO also added.
MicroStrategy (439,000 BTC) may have a larger BTC portfolio than the company. The company’s BTC holdings are not small compared to MicroStrategy (439,00 BTC).
Gertneztke made this clear: “We don’t plan on stopping in the new year.”
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