Canadian DeFi Technologies Adopts Bitcoin as Treasury Reserve Asset, Buys 110 BTC

Jun 10, 2024, 02:03 PM

DeFi Technologies, a Canadian public company, has adopted Bitcoin as its primary treasury reserve asset. The company has purchased 110 Bitcoins to initiate this strategy, reflecting its confidence in Bitcoin's protection from monetary debasement and its potential to expand the company's treasury. Olivier Roussy Newton, CEO of DeFi Technologies, stated that this move is a hedge against inflation and a safe haven from monetary debasement.