The company pays most expenses, including team member salaries, in Bitcoin, primarily using revenue received in Bitcoin. Payments are subject to translational risk due to Bitcoin's price volatility against the U.S. dollar. Some liabilities and costs must be paid in U.S. dollars, requiring conversion from digital assets, which may be difficult or unfavorable. Digital assets lack conventional financial protections such as FDIC or SIPC insurance, and losses due to theft, destruction, or network vulnerabilities may not be recoverable. The company does not have insurance covering digital asset holdings against loss or fraud, exposing it to potential material losses. Market deterioration or price declines in Bitcoin, Tether, Ether, and USDC could adversely affect revenue.
Exodus Movement Inc's Comment on Supply Chain
The company pays most expenses, including team member salaries, in Bitcoin, primarily using revenue received in Bitcoin. Payments are subject to translational risk due to Bitcoin's price volatility against the U.S. dollar. Some liabilities and costs must be paid in U.S. dollars, requiring conversion from digital assets, which may be difficult or unfavorable. Digital assets lack conventional financial protections such as FDIC or SIPC insurance, and losses due to theft, destruction, or network vulnerabilities may not be recoverable. The company does not have insurance covering digital asset holdings against loss or fraud, exposing it to potential material losses. Market deterioration or price declines in Bitcoin, Tether, Ether, and USDC could adversely affect revenue.
Sources:
Exodus Movement Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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