DeFi Technologies Strengthens Cryptocurrency Holdings
CryptoNewsTerminal Staff10 Jun, 2024
DeFi Technologies Strengthens Cryptocurrency Holdings
DeFi Technologies Inc. has made a strategic move by adding Bitcoin (BTC) to its treasury, bolstering its crypto portfolio. According to Bitcoin Magazine, the parent company of Swiss crypto ETP provider Valour acquired 110 BTC. This move aligns with the growing trend of corporations diversifying their reserves with digital assets. In the first quarter of 2023, DeFi Technologies reported significant financial growth, including record revenue and operating income. Assets under Management (AUM) also saw a notable increase of 78% over the previous quarter. Other companies, such as Nasdaq-listed Semler Scientific and Tokyo Stock Exchange-listed Metaplanet, have also announced plans to incorporate Bitcoin into their corporate treasuries. These actions highlight the increasing acceptance and adoption of cryptocurrency as a valuable investment and store of value.
