DeFi Technologies Inc., a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance, has officially announced the expansion of its digital asset treasury strategy. Under the stated expansion, DeFi has purchased 94.34 BTC, bringing its total BTC holdings to 204.34 BTC. Furthermore, the company has taken possession of 12,775 more SOL tokens and 1,484,148 CORE tokens. Talk about these acquisitions on a slightly deeper level, we begin from BTC. DeFi’s latest acquisition of bitcoin follows up on another purchase back in June 2024, thus indicating strong confidence in the asset. The move also recognizes BTC’s unique characteristics as a scarce and finite asset, and its potential as a hedge against inflation and a safeguard against monetary debasement. Next up have SOL. SOL proves itself as an attractive asset mainly on the back of its high-performance, permissionless blockchain, which by the way, is well-equipped to process upto 65,000 transactions per second, This it is able to do through a unique Proof of History and Proof of Stake combination, birthing enough scalability and efficiency to surpass many of its peers. Making SOL’s case even stronger is its low transaction fees and rapid processing times that lower barriers for developers, and therefore, allow the creation of a strong user base and impressive fee generation. Another detail which aids SOL’s case by a significant margin is its trading volume. You see, the platform’s trading has, as of today, reached US$393.71 billion. This, like you can guess, translates to robust market activity and user engagement. In fact, SOL’s liquidity Total Value Locked (“TVL”) presently stands at US$865.97 million. If you still happen to have any concerns, then we can also take into account SOL’s track record, which shows more than 1,847,335,349 successfully executed swaps so far and a traders’ base of over 24,591,311 traders.
Finally, there is the DeFi’s acquisition of CORE tokens. In essence, CORE’s innovative staking solution enables holders to stake BTC non-custodially. Such a feature enhances yield opportunities and contributes substantially towards network security and stability. DeFi’s participation in this staking facility, alongside diversifying its income streams, strengthens the company’s collaborative relationship with CORE Foundation. Not just that, the move will also pave the for it to achieve more extensive participation in CORE’s staking facility. Anyway, among other details, we must mention how CORE is proving to be a leading BTC scaling chain with over 55% of BTC hash rate participation,US$138.5M in TVL, and 5,000+ BTC staked (~US$320M).
“We are thrilled to announce these significant advancements in our digital asset treasury strategy,” said Olivier Roussy Newton, CEO of DeFi Technologies. “Our increased BTC holdings, strategic investment in SOL, CORE and participation in CORE’s staking facility reflect our commitment to leveraging the most promising opportunities in the decentralized finance landscape. These actions not only diversify our balance sheet but also align with our mission to bridge traditional capital markets with the innovative world of DeFi.”
