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.

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
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
November 24, 2025
Acquirer
Exodus Movement, Inc. (Strategic)

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