DeFi Technologies Continues Crypto Accumulation, Acquires More BTC and Adds SOL to Treasury

IconCryptoNewsTerminal Staff18 Jul, 2024

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DeFi Technologies Continues Crypto Accumulation, Acquires More BTC and Adds SOL to Treasury

DeFi Technologies Inc., the parent company of the Swiss-based crypto ETP provider Valour, is making waves in the digital asset space with its strategic acquisitions. According to a recent press release, DeFi Technologies has acquired an additional 94.34 Bitcoin (BTC), bringing its total BTC holdings to 204.34. In addition to BTC, DeFi Technologies has also added Solana (SOL) to its treasury, acquiring 12,775 SOL. This move signals the company's confidence in the long-term potential of both BTC and SOL. DeFi Technologies' ongoing strategy involves allocating a majority of its reserves to leading digital assets. The company had previously announced on March 10th that it had acquired 110 BTC as part of this strategy. These acquisitions demonstrate DeFi Technologies' commitment to the cryptocurrency market and its belief in the transformative power of blockchain technology. By investing in BTC and SOL, the company is positioning itself to benefit from the continued growth and adoption of digital assets.

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