DeFi Applied sciences (DEFTF) – a rising Canadian fintech firm – has acquired one other giant batch of Bitcoin (BTC) after making the asset a core a part of its treasury technique final month.

The corporate introduced Thursday that it had bought one other 94.34 BTC for its stability sheet, including to the 110 BTC it first acquired in June.

Canadian fintech firm DeFi Applied sciences (DEFTF) continues to ramp up its cryptocurrency holdings, adding another 94.34 BTC to its treasury. The company also announced its first purchase of altcoins, acquiring 12,775 SOL and 1,484,148 CORE tokens.

DeFi Applied sciences began integrating Bitcoin into its treasury strategy last month, making the asset a core part of its balance sheet. At the time, the company had purchased 110 BTC for its treasury, which had an approximate market value of $5.3 million. The company also stated that it had applied to list its Bitcoin ETP on the Toronto Inventory Alternate.

Now, the company’s latest crypto purchase brings its total crypto holdings to around $10 million, at current prices. Of the company’s total crypto holdings, around 220 BTC are being staked via the Core network, generating yield for Valour’s Solana and Bitcoin ETPs.

“Every asset brings distinct benefits and capabilities to our treasury,” stated Curtis Schlaufman, VP of communications at DeFi Applied sciences, to CryptoPotato. “Bitcoin serves as a dependable retailer of worth and hedge towards inflation, whereas Solana affords excessive transaction throughput and low charges, making it appropriate for a big selection of decentralized purposes.”

DeFi Applied sciences’ core enterprise subsidiary, Valour, affords dozens of crypto ETPs in Europe which regulators are extra hesitant to allow on public markets in North America.

The corporate’s strongest merchandise are its Bitcoin and Solana ETPs, from which it generates yield by staking customers’ belongings inside each funds. Whereas Bitcoin’s blockchain ordinarily doesn’t characteristic staking, the agency can nonetheless stake its BTC utilizing the Core community, which inherits a part of its blockchain safety from Bitcoin.

“CORE’s progressive staking options and give attention to Bitcoin scaling additional improve our skill to generate yields and take part within the broader DeFi ecosystem,” Schlaufman stated.

As of final week, DeFi Applied sciences stated it held $49.3 million in money on its stability sheet, alongside 110 BTC, and $13 million in excellent loans.

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