Self-custody wallet company Exodus Movement reported a net loss of approximately $10 million in Q2, holding $121.3 million in BTC and ETH

ChainCatcher news, according to The Block, since the self-custody wallet company Exodus Movement released its first quarterly financial report since its stock (ticker: EXOD) was listed on NYSE American in May.

The report states that second-quarter revenue increased by 80% year-over-year, reaching $22.3 million. However, the company's cost of revenue also rose, resulting in a quarterly loss of nearly $10 million, compared to a profit of $1.9 million in the same period last year. The number of monthly active users this quarter also slightly increased from 1.2 million in the same period last year to 1.5 million.

Exodus's funds are primarily concentrated in digital assets. The company holds approximately $70.7 million in cash and cash equivalents, including stablecoins and U.S. Treasury securities, as well as $195.5 million in digital assets, which includes $121.3 million in Bitcoin and Ethereum tokens.