Fintech company DeFi Technologies (OTCMKTS: DEFTF) announced on Monday that it will adopt bitcoin as the main reserve asset for its treasury, with the aim of protecting its reserves from currency devaluation.
The public company announced a total of 110 BTC worth about $7.70 million at current prices, a strategy that it believes is expected to generate significant returns as Bitcoin adoption continues to expand.
It is understood that DeFi Technologies is committed to the integration of traditional financial marekt and DeFi fields. According to the market, DeFi Technologies shares rose 10.77% today, temporarily trading at $1.44.
DeFi Technologies increases its holdings of 110 BTC as a reserve asset, causing its share price to rise by more than 10% today.
2024-06-10 14:46:33
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