DeFi Technologies, a pioneering financial technology company, has taken a significant step by adopting Bitcoin as its primary treasury reserve asset, with an initial purchase of 110 Bitcoins. This move reflects the company's confidence in Bitcoin's potential to safeguard against monetary debasement and expand its treasury. Bitcoin's unique characteristics as a scarce and finite asset make it an attractive hedge against inflation and a safer alternative to traditional assets.

DeFi Technologies' subsidiary, Valour, has reported impressive achievements, with assets under management (AUM) reaching $607 million, a 64.9% year-on-year increase. This growth is driven by strong net inflows and appreciation of asset prices. Valour has also successfully repaid an additional $5 million in outstanding loans secured by ETH collateral, following a previous repayment of $19.5 million. These loan repayments and the purchase of 110 Bitcoins were funded by revenue from the DeFi Alpha trading desk.

Valour has launched several innovative crypto exchange-traded products (ETPs), including the Valour Internet Computer (ICP) ETP, Valour Toncoin (TON) ETP, and Valour Chainlink (LINK) ETP, with a 1.9% management fee. In collaboration with the Core Foundation, Valour launched the world's first yield-bearing Bitcoin (BTC) ETP, offering a 5.65% yield. This product simplifies Bitcoin investment while maintaining custodial control and security.

DeFi Technologies' decision to adopt Bitcoin as its primary treasury reserve asset is a strategic move, considering Bitcoin's digital resilience and architecture. With Bitcoin's market value exceeding $1 trillion, DeFi Technologies is confident in its potential to generate outsized returns as it gains increasing acceptance. The company's strong cash balance of approximately $51 million as of May 2024 underscores its robust financial health and capacity for continued growth and strategic investments.

Olivier Roussy Newton, CEO of DeFi Technologies, expressed his optimism about the company's prospects, stating that the adoption of Bitcoin as the primary treasury reserve asset reflects their confidence in its role as a hedge against inflation and a safe haven from monetary debasement. He highlighted Bitcoin's potential to expand the company's treasury, given its impressive performance over the past decade.

DeFi Technologies' strategic move and Valour's impressive achievements demonstrate the company's commitment to providing secure, diversified, and accessible digital asset investment options. As the financial technology company continues to pioneer the convergence of traditional capital markets with decentralized finance, its focus on innovative Web3 technologies is poised to revolutionize the future of finance.