Exodus Movement, Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 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.
Sep 30, 2026 · Filed Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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14. Fair Value Measurements
- Fair Value Measurements
The Company's financial assets are summarized below as of September 30, 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 | $24,468 | $24,468 | $ | - | $ | - | |
| Ether | 435 | 435 | - | - | |||
| Solana | 25 | 25 | - | - | |||
| Other investments (1) | 100 | - | - | - | |||
| Equity securities (1) | 752 | - | - | - | |||
| Promissory note tokens | 552 | - | 552 | - | |||
| Warrants | 527 | - | 527 | - | |||
| Other digital assets | 336 | 336 | - | - | |||
| Money market funds | 6 | 6 | - | - | |||
| Total | $27,201 | ||||||
| Bitcoin | $149,164 | $149,164 | $ | - | $ | - | |
| Ether | 5,633 | 5,633 | - | - | |||
| Solana | 1,552 | 1,552 | - | - | |||
| Other investments (1) | 600 | - | - | - | |||
| Equity security | 344 | 244 | - | - | |||
| Other digital assets | 98 | 98 | - | - | |||
| Money market funds | 7 | 7 | - | - | |||
| Total | $157,398 | ||||||
(1) These investments are recorded at cost
Assets and Liabilities Not Measured and Recorded at Fair Value
The Company's financial instruments are carried at amounts that approximate their fair values. Stablecoins and restricted stablecoins are measured at fair value on a recurring basis. The fair value of these assets generally approximates their carrying amounts, as they are designed to maintain a value substantially equivalent to one U.S. dollar or euro. The estimated fair values of the Company's financial instruments and the recurring fair value measurements of its stablecoins and restricted stablecoins are based on Level 1 inputs within the fair value hierarchy. Also, the Company holds a note receivable that is recorded at amortized costs, which approximates its 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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