According to Foresight News, the stock price of DeFi Technologies, a publicly listed company in Canada, surged by 23% following the announcement of a Bitcoin purchase.
Previously, the fintech firm DeFi Technologies announced on Monday that it would adopt Bitcoin as its primary reserve asset. In addition, the company added 110 Bitcoins to its treasury, valued at approximately $7.7 million. This strategic move by DeFi Technologies has evidently had a positive impact on its stock performance.