Subsidiary Valour Repays an Additional
- Bitcoin
Treasury and Purchase of 110 Bitcoins: DeFi Technologies has adopted Bitcoin as its primary treasury reserve asset, purchasing 110 Bitcoins to initiate this strategy, reflecting confidence in Bitcoin's protection from monetary debasement and potential to expand the Company's treasury. - Valour AUM and Repayment of Loans: Valour reports AUM of
C$837 million (US$607 million ) as ofMay 31, 2024 , a year-on-year increase of 64.9%. Valour has also successfully repaid an additionalUS$5 million in outstanding loans secured by BTC and ETH collateral, following a previous repayment ofUS$19.5 million . - Launch of
Innovative Products and New Ventures :Valour Inc. introduced several innovative ETPs, including the Valour Internet Computer (ICP) ETP, Valour Toncoin (TON) ETP, Valour Chainlink (LINK) ETP, and the world's first yield-bearing Bitcoin (BTC) ETP. Furthermore, the DeFi Alpha trading desk generated approximatelyC$113.8 million (US$83.4 million ) in Q2 from low-risk arbitrage trades.
Bitcoin is now a major asset class with a market value exceeding $1 trillion. DeFi Technologies believes it has unique characteristics as a scarce and finite asset, making it a reasonable hedge against inflation and a safe haven from monetary debasement. Furthermore, its digital and architectural resilience positions it as a preferable alternative to traditional assets. Given the significant value gap between Bitcoin and other traditional assets, DeFi Technologies believes Bitcoin has the potential to generate outsized returns as it gains increasing acceptance.
The Company also announces that its subsidiary,
Valour has also successfully repaid an additional
The debt repayments of US
"We have adopted Bitcoin as our primary treasury reserve asset, reflecting our confidence in its role as a hedge against inflation and a safe haven from monetary debasement," said
The Success of DeFi Alpha Trading Desk: The DeFi Alpha trading desk, the Company's newest business line, has generated approximately
Valour Repays
Launch of Normal Course Issuer Bid: On
Launch of Innovative ETPs:
- Groundbreaking ETPs: Valour unveiled the Valour Internet Computer (ICP) ETP, Valour Toncoin (TON) ETP, and Valour Chainlink (LINK) ETP. These products, launched on
May 10, 2024 , mark significant milestones in the Nordic investment landscape, providing simplified access to these cutting-edge digital assets with a 1.9% management fee. - Yield-Bearing Bitcoin ETP: In collaboration with
Core Foundation , Valour launched the world's first yield-bearing Bitcoin (BTC) ETP on theNordic Growth Market (NGM) exchange. The Valour Bitcoin Staking (BTC) SEK ETP offers a 5.65% yield, enhancing investor returns while maintaining custodial control and security. This product simplifies Bitcoin investment by delegating Bitcoins to Core validators, attributing yield to the Net Asset Value (NAV) daily.
DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF) is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem. Join DeFi Technologies' digital community on Linkedin and Twitter, and for more details, visit https://defi.tech/
In addition to their novel physical backed digital asset platform, which includes 1Valour Bitcoin Physical Carbon Neutral ETP, 1Valour Ethereum Physical Staking, and 1Valour Internet Computer Physical Staking, Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across European exchanges, banks and broker platforms. Valour's existing product range includes Valour Uniswap (UNI), Cardano (
For more information on Valour, to subscribe, or to receive updates and financial information, visit valour.com.
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to statements regarding the characteristics of Bitcoin and the Company's strategy to adopt Bitcoin as a treasury reserve; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour exchange traded products by exchanges; growth and development of decentralised finance and cryptocurrency sector; rules and regulations with respect to decentralised finance and cryptocurrency; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
THE CBOE
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