DeFi Technologies Reports Financial Growth And Asset Holdings

According to Foresight News, Canadian publicly traded company DeFi Technologies has released its financial report for the period ending September 30, 2024. The report highlights significant growth in the assets under management (AUM) of its subsidiaries, Valour Inc. and Valour Digital Securities Limited, which have reached $561 million, marking a 49% increase since the beginning of the year. As of September 30, 2024, DeFi Technologies reported a cash balance of approximately CAD 19.7 million ($14.6 million) and outstanding loans amounting to CAD 13.5 million ($10 million). The company also disclosed its cryptocurrency holdings, which include 204.3 BTC, 81.3 ETH, 246,683 ADA, 86,616 DOT, 5,745 SOL, 491 UNI, 433,322 AVAX, and 2,755,203 CORE. The financial report underscores the company's robust performance and strategic asset management, reflecting its commitment to growth and stability in the evolving digital asset landscape.