DevvStream Reports BTC and SOL Reserves as Crypto-Treasury Program Accelerates

Rhea-AI Summary

DevvStream (NASDAQ: DEVS) reported its crypto-treasury snapshot as of October 7, 2025, disclosing custodial holdings and program intent.

Key figures: 22.229 BTC valued at $2,716,162; 12,127.64 SOL$2,718,489; and $1,280,000 USD cash in BitGo custody. The company retained all digital assets accumulated to date and says the treasury aims to add 24/7 liquidity, generate staking income, and enable tokenized real-world assets. Custody and execution are handled by BitGo Trust Company with portfolio guidance from FRNT Financial. The company intends periodic unit-holdings reporting and said material progress on RWA strategies is forthcoming.

Positive

• 22.229 BTC held valued at $2,716,162 as of Oct 7, 2025
• 12,127.64 SOL staked (including rewards) valued at $2,718,489
• Approximately $1,280,000 USD cash held in BitGo custody
• Custody under BitGo with FRNT Financial institutional execution

Negative

• The company has retained all digital-asset holdings to date, maintaining full market exposure
• No realized liquidity events or monetization of crypto holdings disclosed

Insights

Corporate treasury analyst

DevvStream published its crypto-treasury snapshot showing modest BTC and SOL holdings under qualified custody and active staking.

DevvStream maintains Bitcoin (approximately 22.229 BTC valued at $2,716,162) and Solana (about 12,127.64 SOL staked, valued at $2,718,489) plus roughly $1,280,000 in USD cash at BitGo as of October 7, 2025. The stated mechanism is twofold: BTC provides 24/7 liquidity while SOL generates staking income and readiness for tokenized real-world assets.

Key dependencies and risks include custody concentration with BitGo Trust and execution guidance from FRNT Financial, staking counterparty and protocol risk on SOL, and volatility of crypto valuations. The company reports retention of all accumulated digital assets and intends periodic unit-holding disclosures; governance via qualified custody reduces but does not eliminate operational or market risk.

Items to watch: changes in reported unit counts or custody arrangements, staking yield or unstaking activity on ongoing (weeks–months), and any concrete announcements about tokenized renewable assets or material progress the company referenced. Short-term impact is informational; monitor subsequent quantitative updates for material balance-sheet effects.

Calgary, Alberta--(Newsfile Corp. - October 8, 2025) - DevvStream Corp. (NASDAQ: DEVS) ("DevvStream" or the "Company"), a leading carbon management firm specializing in the development, investment, and sale of environmental assets, today reported current holdings and progress under its crypto-treasury program, which is designed to add 24/7 liquidity and generate staking income.

Portfolio snapshot (BitGo custody):

• Bitcoin ($BTC): approximately 22.229 BTC held, valued at (US) $2,716,162 as of October 7, 2025.
• Solana ($SOL): 12,110.98 SOL acquired year-to-date; 12,127.64 SOL staked, including rewards. Total SOL held is valued at (US)$ 2,718,489 as of October 7, 2025.
• USD balance: approximately (US) $1,280,000 in cash within BitGo.
• The Company has retained all digital-asset holdings accumulated under the program to date.

The treasury is intended to create incremental income through SOL staking and establish on-chain readiness for tokenized real-world assets, including renewable-energy plants, energy-trading contracts, and other sustainability infrastructure.

"Today's snapshot is about transparency and execution," said Sunny Trinh, CEO of DevvStream. "We believe BTC provides round-the-clock liquidity, while SOL introduces staking income and, we believe, supports our path to tokenized sustainability assets. Under qualified custody, we believe these assets give us flexible balance-sheet tools to drive our business model forward. We intend to continue to develop our real-world asset strategies and look forward to announcing material progress soon."

Risk management and governance:

All digital assets are held with BitGo Trust Company, Inc. under a qualified-custody framework, with institutional execution and portfolio guidance provided by FRNT Financial. DevvStream intends to continue reporting unit holdings from its activity ledger and providing updates from time to time.

About DevvStream

Founded in 2021, DevvStream is a leading carbon management firm specializing in the development, investment, and sale of environmental assets, energy transition, and innovative carbon management solutions. The Company's mission is to create alignment between sustainability and profitability, helping organizations achieve their climate initiatives while directly improving their financial health.

With a diverse approach to energy transition and carbon markets, DevvStream operates across three strategic domains: (1) an offset portfolio consisting of nature-based, tech-based, and carbon sequestration credits for immediate sale to corporations and governments seeking to offset their most difficult-to-reduce emissions; (2) project investment, acquisitions, and industry consolidation to extend the company's reach, allowing it to become a full end-to-end solutions provider; and (3) project development, where the company serves as project manager for eligible activities such as EV charging or renewable energy generation in exchange for a percentage of generated credits or I-RECs.

For more information, please visit www.devvstream.com.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this news release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and generally relate to future events, trends or DevvStream's future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential" or "continue", or the negatives of these terms or variations of them or similar terminology. These forward-looking statements include statements regarding DevvStream's intentions, beliefs, projections, outlook, analyses and current expectations concerning, among other things, its crypto treasury strategy, its ability to further draw down on its senior secured convertible notes facility (of which there can be no assurances), the ability of DevvStream's crypto-treasury program to (i) create incremental income through SOL staking, and (ii) establish on-chain readiness for tokenized real-world assets, including renewable-energy plants, energy-trading contracts, and other sustainability infrastructure, DevvStream's ability to continue as a going concern, the growth and value of the global carbon credit or I-REC market traded value, the potential of carbon credits to provide carbon emission reductions and reduce carbon emissions to limit global warming, estimated CO2 capture, sequestration, decarbonization or storage capacities or potentials of different projects in which DevvStream is investing, DevvStream's opportunity pipeline and the ability of such opportunities to generate I-RECs, carbon credits, tax credits, or shared savings revenue each year, and the market growth and value of these markets, all of which are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Such risks, uncertainties and factors include, but are not limited to the risks set forth in the Company's most recent Form 10-K, 10-Q, 8-K and other SEC filings which are available through EDGAR at WWW.SEC.GOV. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by DevvStream and its management are inherently uncertain and subject to material change. Given these risks, uncertainties, and other factors, you should not place undue reliance on these forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties.

These forward-looking statements are expressed in good faith, and DevvStream believes there is a reasonable basis for them. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and DevvStream is under no obligation, and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in filings made by, or to be made by, DevvStream from time to time with the SEC and with the Canadian securities regulatory authorities.

This news release is not an offer to sell or the solicitation of an offer to buy, any securities of DevvStream and this news release is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in DevvStream. All subsequent written and oral forward-looking statements concerning DevvStream or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.

Contact
ir@devvstream.com
Phone: (408) 365-4348

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269762

FAQ

How much BTC does DevvStream (DEVS) hold as of October 7, 2025?

DevvStream holds 22.229 BTC, valued at approximately $2,716,162 as of October 7, 2025.

What are DevvStream's SOL holdings and staking status (DEVS) on October 7, 2025?

DevvStream reports 12,127.64 SOL staked (12,110.98 SOL acquired YTD), valued at about $2,718,489 as of October 7, 2025.

How much cash does DevvStream (DEVS) keep in its crypto treasury?

The company reports approximately $1,280,000 USD held in BitGo custody.

Who provides custody and portfolio guidance for DevvStream's crypto-treasury (DEVS)?

Custody is with BitGo Trust Company under a qualified-custody framework and portfolio guidance from FRNT Financial.

What is DevvStream’s stated goal for its crypto-treasury program (DEVS)?

The treasury is intended to add 24/7 liquidity, generate SOL staking income, and enable tokenized real-world assets.

Has DevvStream sold any crypto holdings under its treasury program (DEVS)?

No; the company says it has retained all digital-asset holdings accumulated under the program to date.