DeFi Technologies: Bitcoin will become our main reserve asset

Canadian DeFi Technologies, specializing in providing investors with access to Web3 and decentralized finance (DeFi), has announced that it will make bitcoin its main reserve asset. The company's share price rose by 25% at the same time after the announcement and purchase of 110 BTC.

Representatives of DeFi Technologies announced that the digital stability of the first cryptocurrency made it a profitable alternative to classic assets on the market.

As part of a new strategy to switch to bitcoin as a reserve asset, DeFi Technologies is going to continue to acquire digital gold. At the same time, the company assured investors that it does not plan to dilute the shares of its shareholders and take out loans for additional investments in cryptocurrency. 

DeFi Technologies is the parent company of an ETF provider called Valor. The volume of assets under Valor management increased by 64.9% over the year to $607 million. 

Earlier, the fintech platform Curvo provided data according to which the annual growth rate of bitcoin throughout its existence on the market amounted to 103.38% and outstripped the growth rate of gold.