DeFi Technologies Expands Crypto Holdings with Major Bitcoin Purchase

DeFi Technologies (DEFTF), a burgeoning Canadian fintech firm, has significantly bolstered its Bitcoin (BTC) holdings, acquiring an additional 94.34 BTC. This purchase follows the company's strategic decision last month to make Bitcoin a core component of its treasury. The firm now holds a total of 204.34 BTC.

In addition to Bitcoin, DeFi Technologies has diversified into altcoins, acquiring 12,775 SOL and 1,484,148 CORE tokens. The total value of these acquisitions stands at $10 million. Curtis Schlaufman, VP of communications, emphasized the distinct advantages each asset brings to their treasury.

DeFi Technologies’ subsidiary, Valour, offers numerous crypto ETPs in Europe, generating yield by staking users' assets. The firm leverages the Core network to stake BTC, enhancing its yield generation capabilities within the DeFi ecosystem.

With $49.3 million in cash and $13 million in outstanding loans, DeFi Technologies is poised for further growth. The company's approach mirrors that of MicroStrategy, with a strong focus on Bitcoin as a primary reserve asset. This strategy has led to a 190% increase in DEFTF shares year to date, reflecting a robust market confidence in their vision.