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DeFi Technologies Hits New Record Breaking Revenues

August 18, 2024
x min read
DeFi Technologies Hits New Record Breaking Revenues

One of the most exciting publicly traded digital asset companies in Canada is hitting new records for revenue.

What’s happening:

  • DeFi Technologies (CBOE: DEFI) has achieved record breaking quarterly revenue, generating a total of $133.2M CAD in gross revenue

By the numbers:

  • DeFi Technologies earned $90.4M CAD in total gross profit for their most recent quarter
  • DeFi Technologies now has $837M CAD in total assets under management
  • DeFi Technologies currently holds $9.2M CAD of Bitcoin directly as an asset

Why it matters:

Going deeper:

  • A significant amount of the revenue generated in DeFi Technologies most recent quarter actually came from DeFi Alpha, which is their recently launched crypto trading and arbitrage venture
  • DeFi Technologies also recently began acquiring Solana to hold directly as an asset alongside of their exposure to Bitcoin
  • DeFi Technologies has continued to see rapid growth of their subsidiary Valour, who owns and operates Exchange Traded Products on the Nordic Growth Market that provide traditional markets exposure to leading decentralized finance projects such as Avalanche, Polkadot and even Telegram’s digital asset

The intrigue:

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