DeFi Technologies Expands Crypto Portfolio
DeFi Technologies, a Canadian company traded publicly, is increasing its cryptocurrency holdings by acquiring more Bitcoin and other digital assets like Solana for its treasury, as stated in a press release on July 18.
CEO’s Vision
Olivier Roussy Newton, the CEO of DeFi Technologies, expressed his excitement about the company’s growing BTC holdings and strategic investments in SOL and CORE. He highlighted the importance of exploring opportunities in decentralized finance and diversifying the company’s portfolio while connecting traditional markets with the innovative DeFi space.
Bitcoin Acquisition
DeFi Technologies recently purchased 94.34 BTC, raising its total Bitcoin holdings to 204.34 BTC. This move underscores the company’s dedication to becoming a key player in the digital asset market and recognizing Bitcoin’s potential as a hedge against inflation and monetary devaluation.
DeFi Technologies Diversifies Treasury with Bitcoin and Solana
DeFi Technologies, a leading decentralized finance company, recently announced its decision to diversify its treasury by purchasing Bitcoin and Solana assets. The company made a significant move by acquiring 110 BTC for $7.6 million, making Bitcoin its primary reserve asset. In addition, DeFi Technologies also staked over $100 million worth of BTC on the Core Chain, further solidifying its commitment to Bitcoin adoption.
Adding Solana to the Treasury
Furthermore, DeFi Technologies has acquired 12,775 SOL tokens for its reserves. The company stated that it sees Solana as a promising investment due to its scalable and efficient platform for decentralized applications. With Solana being the fifth-largest digital asset by market capitalization and experiencing strong growth, DeFi Technologies believes it is a strategic addition to its treasury.
CORE Staking
DeFi Technologies’ decision to stake over $100 million worth of BTC on the Core Chain has already shown positive results, with the company’s shares increasing by approximately 200% year-to-date. This move reflects the company’s confidence in the future of Bitcoin and its commitment to harnessing the potential of decentralized finance.
Participating in CORE DAO’s Staking Facility
DeFi Technologies has announced its decision to participate in CORE DAO’s staking facility with a total of 1,484,148 CORE tokens. This move is part of the firm’s strategy to diversify its income streams and strengthen its collaborative relationship with the CORE Foundation.
Enhancing Yield Opportunities
CORE’s innovative staking solution allows holders to stake BTC non-custodially, providing them with enhanced yield opportunities. By participating in this staking facility, DeFi Technologies aims to maximize its returns while contributing to the security and stability of the network.
Further Involvement in the DeFi Ecosystem
By engaging with CORE DAO’s staking facility, DeFi Technologies is further involving itself in the broader DeFi ecosystem. This strategic move not only diversifies the firm’s income streams but also strengthens its position within the DeFi community.