
Shares of Exodus Movement EXOD.A up 5.8% at $16.06 premarket
EXOD agreed to acquire W3C Corp, including its subsidiaries Baanx and Monavate for $175 million in cash
Benchmark calls deal its most transformational move to date, positioning EXOD as first self‑custody crypto wallet with full end‑to‑end payments stack
Deal is expected to close in first quarter of 2026
EXOD's announcement follows its acquisition in early November of Grateful, merchant-focused Latin American stablecoin payments platform
"We believe one of the transaction's most strategically important aspects for EXOD is how significantly it improves the predictability, durability, and diversification of its revenue streams," Benchmark says
All eight brokerages rate stock "buy" or higher; their median PT is $41 - data compiled by LSEG
As of last close, stock down ~50.52% YTD