DeFi Technologies increased its holdings of 110 BTC as reserve assets

ChainCatcher news, according to CoinGape, the fintech company DeFi Technologies (OTCMKTS: DEFTF) announced on Monday that it will adopt Bitcoin as the primary reserve asset for its treasury, aiming to protect its reserves from currency devaluation.

The listed company announced that it has acquired a total of 110 BTC at the current price, valued at approximately $7.7 million. It believes that as the adoption of Bitcoin continues to expand, this strategy is expected to yield significant returns.

It is reported that DeFi Technologies is committed to the integration of traditional financial markets and the DeFi space.