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Canadian Fintech Firm DeFi Technologies Adds Altcoins to Digital Asset Treasury

Canadian Fintech Firm DeFi Technologies Adds Altcoins to Digital Asset Treasury

CointimeCointime2024/07/18 15:49
By:Cointime

Canadian fintech firm DeFi Technologies has announced its second publicly announced Bitcoin purchase, adding 94.4 Bitcoin, worth $6.1 million, to its balance sheet. The company has also added altcoins to its digital asset treasury for the first time, including 12,775 Solana tokens worth $2.03 million and 1,484,148 CORE tokens worth $2.12 million. DeFi Technologies' core business is Valour, which provides crypto ETPs that stake their customers' crypto assets to earn yield and generate profit. The company views Solana and Core as complements to Bitcoin rather than competitors, providing a well-rounded approach to leveraging the strengths of different blockchain technologies.

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