Bitcoin-Funded Exodus to Acquire W3C Corp for $175 Million, Expanding Self-Custody Wallet to End-to-End Card Payments

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Exodus Movement has agreed to acquire W3C Corp, the parent of Baanx and Monavate, in a deal valued at $175 million, per CoinDesk and COINOTAG News. The move broadens Exodus Movement‘s footprint in the crypto card and payments ecosystem.

The financing blends Exodus Movement‘s own cash with Galaxy Digital funding, secured by Bitcoin held by Exodus. The structure preserves balance-sheet flexibility while accelerating the integration of custody and payments.

Baanx and Monavate have partnered with Visa, Mastercard, and MetaMask to advance cryptocurrency cards and Web3 payment services, aligning with Exodus‘s vision of a seamless wallet-to-card experience.

Upon closing, Exodus positions itself among a limited set of self-custody wallets capable of controlling the end-to-end payment experience from wallet to card, enhancing user control and transactional efficiency.