According to ChainCatcher, CoinGape reported that the financial technology company DeFi Technologies (OTCMKTS: DEFTF) announced on Monday that it will adopt Bitcoin as the main reserve asset of its treasury, aiming to protect its reserves from currency depreciation.

The listed company announced that it has increased its holdings of a total of 110 BTC, worth about $7.7 million at the current price. It believes that this strategy is expected to generate substantial returns as Bitcoin adoption continues to expand.

It is reported that DeFi Technologies is committed to the integration of traditional financial markets and the DeFi field.