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Mergers & AcquisitionsMedium•1 May 2026•

1 min read

Exodus Movement Acquires Monavate and Baanx in $76.2M Deal

Key Facts

1Exodus Movement acquired all outstanding shares of Monavate Holdings Limited and Baanx.com Ltd., which were subsidiaries of W3C Corp.

2The purchase price for the shares is $76,273,333.30, matching the exact principal and interest outstanding on the W3C loan.

Exodus Movement, Inc. has announced the acquisition of all outstanding shares of Monavate Holdings Limited and Baanx.com Ltd. from W3C Corp. The acquisition price of $76,273,333.30 corresponds directly to the principal and accrued interest of an outstanding loan previously held by W3C. The transaction was facilitated by UK-appointed receivers following a loan default by the parent company, which had secured the debt against these shares. By integrating these fintech entities, Exodus aims to significantly strengthen its crypto infrastructure and service offerings. This strategic move allows the company to expand its ecosystem while resolving the outstanding debt obligations of the acquired units. Analysts view this as a clean balance sheet transition that bolsters Exodus's position in the digital asset market.