According to Odaily Planet Daily, DeFi Technologies released its monthly corporate update. As of August 30, its subsidiary Valour managed assets of 661 million Canadian dollars (487 million US dollars), an increase of 30% this fiscal year.
Despite a decline in assets under management due to prices, August’s net inflows were the highest monthly net inflows recorded in 2024 at C$14.1 million ($10.4 million).
As of August 31, 2024, the Company is in a strong financial position with a cash balance of approximately CAD$26.2 million (USD$19.4 million) and current loans payable of approximately CAD$17.5 million (USD$13.0 million).
In addition, the company has purchased and holds 204.3 BTC and has diversified its inventory assets to include 21.3 ETH, 246,683 ADA, 64,616 DOT, 5,345 SOL, 490 UNI, 433,322 AVAX and 2,515,203 CORE, totaling approximately 33.9 million Canadian dollars (25.1 million US dollars).
