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DeFi Technologies Adopts Bitcoin as Primary Treasury Reserve Asset

Jun 10, 2024

DeFi Technologies, a Canadian publicly traded company, has officially embraced Bitcoin as its primary treasury reserve asset. In a recent declaration, the company disclosed the acquisition of 110 BTC as an initial step towards implementing its Bitcoin reserve asset strategy. The decision to integrate Bitcoin into its treasury reserve signifies DeFi Technologies' belief in Bitcoin's ability to safeguard against fiat currency depreciation and to potentially enhance the company's financial holdings.

DeFi Technologies emphasizes the distinctive characteristics of Bitcoin as a scarce and limited asset, positioning it as a suitable hedge against inflation and a secure refuge from monetary devaluation. Moreover, the company recognizes Bitcoin's digital resilience and architectural soundness, which mark it as a favored alternative to traditional assets. With Bitcoin's significantly different value compared to conventional assets, DeFi Technologies anticipates the cryptocurrency to offer substantial returns as its acceptance grows.

Olivier Roussy Newton, the CEO of DeFi Technologies, expressed the company's commitment to Bitcoin as the primary treasury reserve asset, citing confidence in Bitcoin's role as a hedge against inflation and a shield from monetary devaluation. Recognizing Bitcoin's impressive performance as the best-performing asset in the past decade, Newton conveyed optimism about the company's future developments and its progression within the digital asset sector.

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