Exodus Raises $59M, Mostly From Retail Investors

$75 million in shares were listed, priced at $27.42 each, but Exodus only accepted payment in bitcoin, ethereum or USD coin.


Exodus founders JP Richardson (left) and Daniel Castagnoli; Source: Exodus


key takeaways

  • Exodus has raised about $59 million since April 8 via a Regulation A sale
  • 92% of raised capital came from non-accredited investors

Crypto wallet provider Exodus has raised about $59 million in five days, almost entirely from non-accredited retail investors. 

The Delaware-based firm began selling stock on April 8 as part of a regulated public offering approved by the Securities and Exchange Commission. $75 million in shares were listed, priced at $27.42 each, but Exodus only accepted payment in bitcoin, ethereum or USD coin. 

Exodus has reached about 80% of their $75 million goal from over 4,000 investors. The Regulation A sale allowed retail investors to get involved, and only 8% of capital raised so far has come from accredited investors. 

The company is currently looking into expanding the availability of shares and hopes to have the Class A common stock on trading platforms within nine months, according to a release posted Monday. 

The public offering comes at a major moment for digital assets. Crypto exchange Coinbase is set to make its Nasdaq debut via direct listing Wednesday, becoming the just major crypto company to go public in the US. Coinbase valuations are expected to be between $60 billion and $140 billion. 


Upcoming Events

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Screenshot 2024-05-23 091855.png


Bitcoin L2s aim to boost scalability while preserving decentralization and security, unlocking a better user experience, and new avenues for Bitcoin-powered innovations. However, no existing Bitcoin L2 leverages the full security of Bitcoin.



The convergence of AI and blockchain on Polkadot represents a groundbreaking opportunity for investors and developers alike


The company is making public a previously private offer rejected by Bitfarms’ board of directors last month


Semler Scientific, a publicly traded medical tech company, joined MicroStrategy by buying up millions of bitcoin


As someone who’s been knee-deep in the trenches of blockchain development, I can’t help but wonder if these behemoths are really cutting it anymore


UNI and MKR are suffering from the successes of their respective protocols


Maybe there’s no silver bullet to avoiding most tokens dumping after launch…