Exodus Movement Acquires Baanx US for $30M

Exodus Movement announced acquisition of Baanx US Corp for up to $30 million, $5M upfront and $25M deferred over four years.
Company with $226M market cap, $8 share price after 80% decline, posted Q1 2026 revenue $22.7M (‑37% YoY) and $36.4M asset loss.
CEO JP Richardson said the deal “unlocks self‑custodial payments at scale,” and analysts maintain bullish outlook with price targets $15‑$25.
Exodus launched Exodus Pay in five U.S. states and raised holdings to 628 BTC, 1,857 ETH, 17,541 SOL as of March 31 2026.