While institutional adoption in the cryptocurrency market is increasing day by day, the purchases of companies are also increasing. At this point, while many companies such as MicroStrategy are purchasing Bitcoin (BTC) and altcoins, the last purchase came from Canadian public company DeFi Technologies.
According to PR Newswire, DeFi Technologies is expanding its digital asset holdings.
Accordingly, DeFi Technologies announced that it made an additional purchase of 94.34 BTC, increasing its total Bitcoin holdings to 204.34 BTC.
In addition, the company purchased 12,775 Solana (SOL) and 1,484,148 CORE. With this acquisition, DeFi Technologies plans to actively participate in CORE DAO's staking facilities.
“The company increased its BTC holdings by purchasing an additional 94.34 BTC, bringing the total to 204.34 BTC. This reaffirmed its confidence in BTC as a primary treasury reserve asset.
The company also diversified its treasury by purchasing 12,775 SOL tokens, recognizing SOL's high-performance blockchain, low transaction fees, and strong market activity.
The company recently purchased 1,484,148 CORE tokens. “It plans to participate in CORE's staking offering, which increases yield opportunities and contributes to network security, further diversifying the Company's revenue streams and strengthening its position in the DeFi ecosystem.”
Olivier Roussy Newton, CEO of DeFi Technologies, said: “We are excited to announce these significant developments in our digital asset treasury strategy. Our growing BTC holdings, strategic investment in SOL, CORE, and participation in CORE's staking facility are among the most promising opportunities in the decentralized finance landscape.” “These actions not only diversify our balance sheet, but also align with our mission to connect traditional capital markets with the innovative world of DeFi.”
*This is not investment advice.