DeFi Technologies Adds Bitcoin to Treasury, DEFTF Stock Soars 11%

DeFi Technologies has added 110 Bitcoins to its treasury to safeguard against inflation and currency debasement, boosting its stock price by 11%.
DeFi Technologies Adds Bitcoin to Treasury, DEFTF Stock Soars 11%

Key Takeaways

  • DeFi Technologies adds 110 Bitcoins to its treasury for inflation protection.
  • DeFi Technologies' stock price has surged 145% in 2024 amid successful debt repayment.
  • Other companies like Semler Scientific and Metaplanet are also increasing their Bitcoin reserves.

DeFi Technologies (OTCMKTS: DEFTF) has added 110 Bitcoins, valued at approximately $7.7 million, to its treasury to protect against currency debasement and rising inflation.

This move reflects the company’s confidence in Bitcoin as a primary reserve asset.

CEO Olivier Roussy Newton emphasized Bitcoin’s role as a hedge against inflation and a safe haven asset. He stated:

We have adopted Bitcoin as our primary treasury reserve asset, reflecting our confidence in its role as a hedge against inflation and a safe haven from monetary debasement. As the best-performing asset over the past decade, Bitcoin offers significant short to long-term potential to expand the Company’s treasury.

The company’s stock price surged 11.11%, closing at $1.30 last Friday, June 7.

DeFi Technologies joins a growing number of companies integrating Bitcoin into their treasuries.

Recently, Semler Scientific purchased 580 Bitcoins worth $40 million, and Japan’s Metaplanet designated Bitcoin as its primary reserve asset amidst the depreciating Yen value.

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