Golden Finance reported that DeFi Technologies Inc. announced that it has adopted Bitcoin as its main treasury reserve asset and has purchased 110 Bitcoins to launch this strategy. DeFi Technologies believes that as a scarce and limited asset, Bitcoin has unique characteristics that make it a reasonable means of hedging inflation and a safe haven to avoid currency depreciation. In addition, Bitcoin's digital and architectural resilience makes it a preferred alternative to traditional assets. Given the huge value gap between Bitcoin and other traditional assets, DeFi Technologies believes that as Bitcoin becomes more popular, it has the potential to generate excess returns. The company also announced that its subsidiaries Valour Inc. and Valour Digital Securities Limited (collectively referred to as Valour) had assets under management (AUM) of 837 million Canadian dollars (607 million US dollars) as of May 31, 2024, a significant year-on-year increase of 64.9%, thanks to strong net inflows of 6.9 million Canadian dollars (5.08 million US dollars) and appreciation of asset prices compared to the previous month.