Exodus Movement, Inc.
For the period ended Mar 31, 2026. Filed May 11, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 11, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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11. Fair Value Measurements
- Fair Value Measurements
The Company's financial assets are summarized below as of March 31, 2026 and December 31, 2025, with fair values shown according to the fair value hierarchy:
| (in thousands) · CarryingValue · QuotedPricesLevel 1 · Significant OtherObservable InputsLevel 2 · Significant Unobservable InputsLevel 3 | |||||||
|---|---|---|---|---|---|---|---|
| Bitcoin | $42,760 | $42,760 | $ | - | $ | - | |
| Ether | 3,914 | 3,914 | - | - | |||
| Solana | 1,455 | 1,455 | - | - | |||
| Other investments (1) | 700 | - | - | - | |||
| Equity security | 299 | 299 | - | - | |||
| Promissory note tokens (2) | 122 | - | 122 | - | |||
| Other digital assets | 100 | 100 | - | - | |||
| Money market funds | 7 | 7 | - | - | |||
| Total | $49,357 | ||||||
| Bitcoin | $149,164 | $149,164 | $ | - | $ | - | |
| Ether | 5,633 | 5,633 | - | - | |||
| Solana | 1,552 | 1,552 | - | - | |||
| Other investments (1) | 700 | - | - | - | |||
| Equity security | 244 | 244 | - | - | |||
| Other digital assets | 98 | 98 | - | - | |||
| Money market funds | 7 | 7 | - | - | |||
| Total | $157,398 | ||||||
(1) These investments are recorded at cost.
(2) Refer to "Note 2 Summary of Significant Accounting Policies" and "Note 6 – Digital Assets" for further details.
Assets and Liabilities Not Measured and Recorded at Fair Value
The Company's financial instruments, including stablecoins, are carried at cost, which approximates their fair value. If these financial instruments were recorded at fair value, they would be based on Level 1 inputs. The Company also holds notes receivable that are recorded at amortized costs, which approximates their fair value. The fair value of these instruments is not readily determinable due to their non-marketable nature and is therefore not included in the fair value hierarchy.
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