DeFi
DeFi technologies take off with the Bitcoin strategy
DeFi technologies (TSE: CHALLENGE) posted an update.
DeFi Technologies adopted Bitcoin as its primary treasury reserve, purchasing 110 Bitcoins, and reports substantial growth with a 64.9% increase in assets under management to 837 million Canadian dollars. Their subsidiary, Valor, repaid $5 million in loans, strengthening its financial position. The company’s innovative advancements include launching new ETPs and generating significant revenue from its DeFi Alpha trading desk, highlighting its successful integration of traditional finance and decentralized finance.
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