Defi Technologies Stock Price, News & Analysis

DeFi Technologies (OTC: DEFTF) has announced the refiling of its Q2 and Q3 2024 interim financial statements following accounting treatment amendments. The restatement applies a discount for lack of marketability (DLOM) to equity investments in digital assets and adjusts their classification.

Key changes include:

• Q2 2024: DLOM of $98.66M applied, $122.79M reclassified to non-current assets, net loss increased by $98.66M
• Q3 2024: Additional DLOM of $3.89M applied (total $102.55M), $155.05M reclassified to non-current assets, net loss increased by $3.89M for Q3 and $102.55M for nine months

The company emphasizes these changes are non-cash in nature and do not impact its ongoing cash position. Previously issued financial statements, reports, and communications for these periods should no longer be relied upon.

DeFi Technologies (OTC: DEFTF) has appointed Andrew Forson as President and Chief Growth Officer of Valour, the company's digital asset ETP business. Forson, who joined the board in July 2024, will lead the company's global strategy and oversee Valour's expansion across European and international markets.

Previously serving as Head of Ventures and Investments at Hashgraph Group, Forson brings expertise in digital assets, structured finance, and venture strategy. He holds an MBA from Edinburgh Business School and has been instrumental in driving Valour's recent geographic expansion efforts. His appointment aims to advance DeFi Technologies' mission of making decentralized finance accessible through secure and compliant investment products.

DeFi Technologies Inc. (DEFTF) reports exceptional financial results for 2024, with adjusted revenues of C$204.4M (US$144.8M), adjusted EBITDA of C$116.1M (US$80.4M), and adjusted net income of C$115.07M (US$84M). Assets Under Management (AUM) grew 132% to C$1.18B (US$819M) by December 31, 2024.

Key Q4 2024 metrics include adjusted revenue of C$42.6M, adjusted net income of C$19.1M, and adjusted EBITDA of C$20.08M. The company's cash position strengthened to C$22.4M, with treasury holdings valued at C$58.9M and venture portfolio at C$53.7M.

Strategic developments include the acquisition of Stillman Digital, expansion into new markets through partnerships with Nairobi Securities Exchange and AsiaNext, and the launch of multiple new ETPs. The company forecasts 2025 annualized revenue of approximately C$227.2M (US$159.9M) and plans to increase total ETP listings to 100 products by end-2025.

DeFi Technologies (OTC: DEFTF) has scheduled a shareholder call for March 31, 2025, at 12:00 PM EST to discuss its financial results for both Q4 and full-year 2024. The company, which specializes in bridging traditional capital markets with decentralized finance (DeFi), will host the discussion via a webinar format.

Shareholders and interested parties can register for the webcast through a provided Zoom link, after which they will receive confirmation details for joining the webinar.

DeFi Technologies (OTC: DEFTF) has announced its inclusion in the MVIS Global Digital Assets Equity Index and VanEck Digital Transformation ETF (NASDAQ: DAPP). The ETF tracks companies involved in the digital assets economy, including notable players like Microstrategy, Coinbase Global, Block, and Galaxy Digital Holdings.

This inclusion follows DeFi Technologies' recent addition to the MSCI Canada Small Cap Index, highlighting the company's growing recognition in bridging traditional financial markets with digital assets. CEO Olivier Roussy Newton emphasized that this milestone validates their progress and aligns with their growth strategy, which is expected to lead to more index inclusions.

DeFi Technologies (DEFTF) reported key financial metrics for February 2025. Valour's assets under management (AUM) reached C$1.07B (US$750M), showing a 25% decrease due to digital asset price declines. Despite market challenges, the company maintained strong net inflows of C$16.4M (US$11.4M), marking the fourth consecutive month of eight-figure inflows.

Stillman Digital demonstrated robust performance with C$1.84B in February client volume and C$1.03M in revenue. The company maintains a strong financial position with C$66M in total cash, USDT, and treasury balance. Notable developments include DeFi Technologies' addition to the MSCI Canada Small Cap Index and a binding LOI with CoreFi Strategy, securing a US$20M CORE Token commitment from the Core Foundation.

The company's subsidiary Valour generates revenue through staking, earning approximately 8.12% yield on AUM in Q3 2024. Top ETPs include Valour SOL (C$326.2M), BTC (C$320M), and ADA (C$91.2M).

DeFi Technologies (DEFTF) has increased its stake in Swiss asset management firm Neuronomics AG to 52.5%, up from its previous 10% ownership. Neuronomics specializes in artificial intelligence and computational neuroscience-based trading strategies, holding a FINMA asset management license.

The acquisition strengthens DeFi Technologies' AI and trading capabilities while complementing its DeFi Alpha arbitrage trading desk. Neuronomics' AI-powered quantitative strategy has shown impressive results in forward-testing, with:

• Annual returns of 80%
• Reduced drawdowns and volatility
• Sharpe Ratio greater than 1
• Positive returns during recent 20% market downturn

As part of the acquisition terms, DeFi Technologies issued 186,304 common shares, with 152,433 shares subject to a lock-up period (50% released in three months, remainder in six months). Additional cash considerations were included in the deal.

DeFi Technologies (OTC: DEFTF) has appointed Chase Ergen to its Board of Directors. Ergen, son of Dish Network founder Charlie Ergen, brings 20 years of experience in satellite and 5G telecommunications, along with expertise in blockchain and decentralized finance as an early Bitcoin miner.

Currently serving as Executive Director of the 'Make America Wealthy Again' Super PAC, Ergen's appointment aims to strengthen the company's engagement with retail and institutional communities, leveraging relationships built through Dish Network. His expertise in emerging technologies and financial systems will support DeFi Technologies' mission of bridging traditional capital markets with decentralized finance.

The appointment follows Krisztian Toth's resignation from the Board, who will transition to an advisory role.

DeFi Technologies (OTC: DEFTF) has announced that its subsidiary Valour Inc. has launched four new digital asset ETPs on the Börse Frankfurt exchange. The new offerings include ETPs for Dogecoin, Aptos, Sui, and Render.

The Valour Dogecoin ETP (ISIN: CH1108679791) tracks DOGE, the 8th largest digital asset with a $30.64B market cap, featuring a 1.9% management fee. The Valour Aptos ETP (ISIN: CH1108679783) follows APT, ranked 31st with $6.19B market cap. The Valour Sui ETP (ISIN: CH1108679080) tracks SUI, ranked 15th with $28.01B market cap. The Valour Render ETP (ISIN: CH1108679783) follows RENDER, ranked 49th with $2.26B market cap.

This expansion follows Valour's successful launch of 20 products in the Nordics in December, aiming to provide institutional and retail investors with simplified access to digital assets through traditional exchange-traded products.