Feb. 4 at 6:39 PM
$EXOD $BNXAF Exodus bought out Banxa, an excellent choice. The acquisition makes perfect sense. Exodus has responsible management, a strong cash position, carefully issued equity, and a sizable BTC treasury. This should set Exodus for tremendous success moving forward. Their current approximate offer for Banxa sits at
$1.79 CAD per share (cash + stock), which is peanuts and powerfully strategic. Even if Exodus may need to sweeten their bid soon to
$2-
$3, it's okay because there's a lot of value to unlock with Banxa with monster revenues.