DeFi Technologies Reports Strong Financial Performance in August 2024

According to Odaily, DeFi Technologies has released its monthly corporate update, revealing significant financial achievements as of August 30, 2024. The company's subsidiary, Valour, reported assets under management (AUM) totaling CAD 661 million (USD 487 million), marking a 30% increase for the fiscal year. Despite a decline in AUM due to price fluctuations, August saw the highest monthly net inflow of 2024, amounting to CAD 14.1 million (USD 10.4 million). As of August 31, 2024, DeFi Technologies maintains a robust financial position with a cash balance of approximately CAD 26.2 million (USD 19.4 million) and outstanding loans of around CAD 17.5 million (USD 13 million). The company has also diversified its asset holdings, including 204.3 BTC, 21.3 ETH, 246,683 ADA, 64,616 DOT, 5,345 SOL, 490 UNI, 433,322 AVAX, and 2,515,203 CORE, with a total value of about CAD 33.9 million (USD 25.1 million).