According to TechFlow, on September 17, Decrypt reported that Canadian cryptocurrency company DeFi Technologies announced that it had submitted a Form 40-F registration statement to the U.S. Securities and Exchange Commission (SEC) to apply for listing on Nasdaq. The company is currently trading on the Cboe Canada exchange with the DEFI code and on the over-the-counter market with the DEFTF code.
DeFi Technologies' stock price has risen 275% this year, and as of July, it has realized a profit of $105 million, while its market value was only $429 million at the time. The company's profits mainly come from its European crypto investment product subsidiary Valour and low-risk arbitrage trading department DeFi Alpha. In June this year, the company announced that it would include Bitcoin in its balance sheet, and in July it doubled its Bitcoin holdings while increasing its holdings of SOL and CORE.