Exodus Movement Acquires Outstanding Shares of Monavate Holdings Limited and Baa
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- GlobalNewswire5/1/2026, 10:23:00 PMExodus Movement Acquires Outstanding Shares of Baanx US Corp. for $30M
Exodus Movement (EXOD) announced the acquisition of outstanding shares of Baanx US Corp. and certain other assets from W3C Corp. for a total consideration of $30 million — $5 million payable upfront and $25 million in deferred payments over four years. No additional financial terms or strategic rationale were disclosed in the announcement.
- SeekingAlpha5/1/2026, 9:12:58 PMExodus Movement acquires Monavate and Baanx.com
Exodus Movement has announced the acquisition of Monavate and Baanx.com, expanding its crypto wallet and financial services capabilities. Monavate is a UK-based e-money institution and Baanx.com is a crypto-linked card and banking infrastructure provider. The dual acquisition signals a strategic push by Exodus into regulated financial services and crypto payment infrastructure.
- GlobalNewswire5/1/2026, 8:51:00 PMExodus Movement Acquires Outstanding Shares of Monavate Holdings Limited and Baanx.com Ltd.
Exodus Movement (EXOD) has acquired the outstanding shares of Monavate Holdings Limited and Baanx.com Ltd. from UK-appointed Receivers after their parent company W3C Corp defaulted on a secured loan. The purchase price is $76,273,333.30, equal to the principal and interest outstanding on the W3C loan as of April 30, 2026. Both acquired entities were previously subsidiaries of W3C Corp.