Founded in 2021, DevvStream took a step into cryptocurrencies by investing $10 million in Bitcoin and Solana. This move highlights the company's growing interest in digital assets.
Who is DevvStream
DevvStream specializes in supplying carbon credits to businesses engaged in renewable energy, energy efficiency, and forest conservation projects.
Investments in Cryptocurrency
The purchase was funded through the company’s earlier $300 million secured convertible notes issuance, earmarked for crypto and related investments. DevvStream described Bitcoin as a 'liquid, low-correlation store of value.'
Future Plans of the Company
In addition to the initial investment, DevvStream is in talks with Helena Global Investment Opportunities to expand its $300 million equity credit line, with the extra funding intended for further cryptocurrency purchases and investments in environmental projects.
By positioning itself in the crypto asset market, DevvStream joins a growing list of public companies integrating digital assets into their strategies.
