DeFi Technologies Embraces Bitcoin as Key Treasury Asset with 110 BTC Purchase

DeFi Technologies Inc., a Canadian fintech firm, has announced its decision to make Bitcoin (BTC) its primary treasury reserve asset, with an initial purchase of 110 Bitcoins valued around CAD 10.5 million ($7.6 million). The company views Bitcoin as a hedge against inflation and currency debasement, favoring its digital nature over traditional assets. This strategic move reflects DeFi Technologies’ confidence in Bitcoin’s potential to protect and expand its treasury, amidst Bitcoin being recognized as the decade’s best-performing asset despite a slight decrease in its price at the time of reporting. Additionally, DeFi Technologies’ subsidiary, Valour, has seen a significant increase in assets under management and has been actively repaying outstanding loans with its strong cash balance, funded by the successful performance of the DeFi Alpha trading desk.