According to PANews, Web3 publicly traded company DeFi Technologies has released its financial results for the three and six months ending June 30, 2024. The report reveals several key financial metrics and growth indicators for the company.
As of June 30, 2024, DeFi Technologies reported a cash balance of CAD 19.5 million (USD 14.2 million). Additionally, the company holds USD 54.5 million in USDT and 110 BTC. By August 14, 2024, the company's digital asset holdings included 204.23 BTC, 12,775 SOL, and 1,484,148 CORE, with a total value of approximately USD 21.2 million.
The company's assets under management (AUM) saw a significant increase, rising from CAD 508.1 million (USD 370.8 million) on December 31, 2023, to approximately CAD 730.1 million (USD 532.2 million) by June 30, 2024, marking a 43.7% growth. Furthermore, DeFi Technologies reported total revenue of CAD 133.2 million (USD 98 million) for the second quarter of 2024, a substantial improvement compared to the total revenue of CAD 7.4 million (USD 5.4 million) for the same period in 2023.