Defi Technologies Stock Price, News & Analysis

DeFi Technologies reports strong Q3 2024 financial results with total revenues of C$152.4M for the first nine months, EBITDA of C$102.3M, and net income of C$97.2M. Assets Under Management (AUM) grew 51.6% to C$770.5M since December 2023, reaching a record C$1.1B by November 2024. The company projects annualized revenues of C$198.6M for fiscal 2024. Cash and USDT balance increased to C$25.4M, with treasury holdings valued at C$36.3M and venture portfolio at C$45.1M. Notable developments include the acquisition of Stillman Digital, partnership with Professional Capital Management, and planned expansion of ETP offerings.

DeFi Technologies announces the launch of CoreFi Strategy, a regulated investment approach modeled after MicroStrategy, focusing on Bitcoin yield and CORE token holdings. The strategy leverages Core blockchain's Non-Custodial Staking and Dual Staking capabilities, with over 8,200 staked Bitcoin and ~75% of Bitcoin mining hash power supporting its ecosystem. Valour, a DeFi Technologies subsidiary, has already launched the first yield-bearing BTC ETP offering 5.65% yield, and a CORE ETP available on Börse Frankfurt. The Core ecosystem boasts $700M in TVL, 1M+ weekly active wallets, and 310M+ total transactions.

DeFi Technologies (CBOE CA: DEFI) (OTC: DEFTF) has scheduled a shareholder call for November 15, 2024 at 12:00 p.m. EST to discuss its financial results for Q3 2024 and the nine-month period ending September 30, 2024. The company, which specializes in bridging traditional capital markets with Web3 and decentralized finance, will host the discussion via webinar, requiring advance registration through their provided Zoom link.

DeFi Technologies announces the launch of SolFi Technologies, a spinout company focused on providing investors exposure to the Solana blockchain ecosystem. SolFi will operate as a 'MicroStrategy for Solana,' using proprietary algorithms and innovative financing strategies to acquire, hold, and stake Solana (SOL). The company leverages DeFi Technologies' validator and MEV engine, which has proven success with over C$508 million in staked Solana. Key objectives include proprietary trading, validator node operations, ecosystem investments, and potential acquisitions of operating companies to generate consistent cash flow through higher yields than third-party staking providers.

DeFi Technologies subsidiary Valour has launched the Valour Sui (SUI) ETP on Sweden's Spotlight Stock Market. The ETP provides exposure to Sui, a layer-1 blockchain with a $5.37 billion market cap, ranking among the top 20 digital assets globally. The product (ISIN: CH1213604601) features a 1.9% management fee and leverages Sui's horizontal scaling capabilities for high-throughput transactions. Sui utilizes an object-centric approach with Byzantine fault-tolerant proof-of-stake consensus, enabling independent transaction validation and enhanced scalability.

DeFi Technologies' subsidiary Valour has achieved record assets under management (AUM) of C$883 million (US$633 million), marking a 73% increase this fiscal year. Net sales of ETP products exceeded C$120 million over the past 12 months. The company has expanded to 28 ETPs and aims for 40 by year-end, with plans for 100 ETPs by 2025. The company's DeFi Alpha Strategy generated C$113.8 million in Q2 and C$19.3 million in Q3. As of October 31, 2024, the company holds C$12.9 million in cash/USDT and maintains a digital asset treasury valued at C$43.6 million.

DeFi Technologies subsidiary Valour has launched the world's first physical yield-bearing Bitcoin ETP (1VBS) on Frankfurt Börse Xetra. The product, developed in collaboration with Core Foundation, offers German investors exposure to Bitcoin with an initial fixed yield of 1.40% and a 0.9% management fee.

The 1Valour Bitcoin Physical Staking ETP (ISIN: GB00BRBV3124) leverages the Core blockchain network, which is powered by Bitcoin and provides EVM compatibility. The innovative product generates yield by delegating Bitcoins to Core validators while maintaining custodial control. Staking rewards are converted to Bitcoins and added to the ETP's NAV daily, with trading commencing on November 1, 2024.

DeFi Technologies subsidiary Valour has launched the world's first Physical Yield Bearing Bitcoin ETP (1VBS) on Frankfurt Börse Xetra, targeting German investors. The product offers exposure to Bitcoin with an initial fixed yield of 1.40% and a 0.9% management fee. The ETP (ISIN: GB00BRBV3124) operates through the Core blockchain network, which is powered by Bitcoin and features EVM compatibility.

The innovative product delegates Bitcoins to Core validators while maintaining custodial control, allowing investors to earn yield without managing their own validators. The yield is reflected daily in the Digital Asset Entitlement and NAV. Trading commenced on November 1, 2024, with Valour retaining full custodial control throughout the staking process.

DeFi Technologies reports strong performance through its subsidiary Valour, with Assets Under Management reaching C$757 million (US$593 million) as of October 31, 2024, marking a 62% increase year-to-date. The company saw net inflows of C$2.1 million in October, with key products like Valour SUI SEK and BTC 0 driving growth. The company maintains a strong financial position with C$12.9 million in cash/USDT and successfully eliminated debt through a C$5.5 million payment. Their digital asset treasury expanded to approximately C$43.6 million, including holdings in various cryptocurrencies. Strategic developments include the acquisition of Stillman Digital and the launch of new ETPs on the Spotlight Stock Market.