Transaction · Crypto / Digital Assets · 2025

Exodus / W3C Corp 2025

Exodus Movement, Inc. acquired W3C Corp for $175M on November 24, 2025.

Target
W3C Corp
Acquirer
Exodus Movement, Inc.
Deal value
$175M
Announced
November 24, 2025
Sub-sector
Crypto / Digital Assets

Transaction overview

  • Exodus Movement, Inc. announced the acquisition of W3C Corp on November 24, 2025 for $175M.
  • The deal is expected to close pending customary conditions.

Strategic rationale

Acquire end-to-end card and payments infrastructure (Baanx and Monavate) to control on-chain payments stack and enable stablecoin issuance and card programs.

Deal terms & multiples

Deal value
$175M
Target revenue
Target EBITDA
EV / Revenue
EV / EBITDA
Announcement
November 24, 2025
Acquirer
Exodus Movement, Inc. (Strategic)

Frequently asked questions

How much did Exodus Movement, Inc. pay for W3C Corp?

Exodus Movement, Inc. acquired W3C Corp for $175M, announced on November 24, 2025.

When did Exodus Movement, Inc. announce the acquisition of W3C Corp?

Exodus Movement, Inc. announced the acquisition of W3C Corp on November 24, 2025.

What sub-sector is W3C Corp in?

W3C Corp is tracked in the Crypto / Digital Assets sub-sector.

Sources

  • manilatimes.net /2025/11/25/tmt-newswire/globenewswire/exodus-enters-next-phase-as-a-crypto-payments-company-with-agreement-to-acquire-w3c-corp-and-its-subsidiaries-baanx-and-monavate/2230753