• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

What is Proof-of-Authority (POA) Consensus in Blockchain?

2025-05-10

What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

2025-05-09

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    What is Proof-of-Authority (POA) Consensus in Blockchain?

    2025-05-10

    What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

    2025-05-09

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    2025-05-03

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    2025-05-02

    What Is a Layer-0 Blockchain Protocol?

    2025-05-02
  • Market Cap
  • Shop
Crypto Semantic
Home»DeFi»DeFi Technologies amplifies Bitcoin holdings, adds Solana to treasury
DeFi

DeFi Technologies amplifies Bitcoin holdings, adds Solana to treasury

2024-07-18Updated:2024-07-19No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

DeFi Applied sciences, a publicly traded Canadian firm, is increasing its crypto portfolio by buying extra Bitcoin and different digital property like Solana to its treasury, in accordance with a July 18 assertion shared with Crypto.

Olivier Roussy Newton, CEO of DeFi Applied sciences, mentioned:

“Our elevated BTC holdings, strategic funding in SOL, CORE and participation in CORE’s staking facility mirror our dedication to leveraging essentially the most promising alternatives within the decentralized finance panorama. These actions not solely diversify our stability sheet but in addition align with our mission to bridge conventional capital markets with the progressive world of DeFi.”

Bitcoin buy

On July 18, the agency introduced the acquisition of 94.34 BTC, boosting its whole Bitcoin holdings to 204.34 BTC.

The corporate acknowledged that its BTC buy reinforces its dedication to being the main digital asset and acknowledges its potential as an inflation hedge and safeguard towards financial debasement.

DeFi Applied sciences just lately made Bitcoin its main treasury reserve asset by buying 110 BTC for $7.6 million. Final month, the agency additionally staked over $100 million value of BTC on the Core Chain, marking a big transfer in its Bitcoin adoption strategy.

In accordance with Google Finance knowledge, the corporate’s shares elevated by round 200% on the year-to-date metrics following the transfer.

Provides Solana to the treasury

Moreover, DeFi Applied sciences has acquired 12,775 SOL tokens for its reserves.

The corporate defined that it was including Solana to its treasury as a result of the asset is a “promising funding” that provides a scalable and environment friendly platform for a variety of decentralized functions. It added that the blockchain community’s distinctive progress price makes it a viable selection for its treasury.

See also  Solana Price Might See Major Downtrend In July, While Ethereum Price Set To Soar

Solana is the fifth-largest digital asset by market capitalization and has loved sturdy progress over the previous 12 months because of institutional adoption from cost giants like PayPal.

CORE staking

In the meantime, the corporate plans to take part in CORE DAO’s staking facility with 1,484,148 CORE tokens.

The agency defined that CORE’s progressive staking answer allows holders to stake BTC non-custodially, enhancing yield alternatives whereas contributing to community safety and stability.

DeFi Applied sciences mentioned its participation on this staking facility diversifies its earnings streams and strengthens its collaborative relationship with the CORE Basis, involving it additional within the broader DeFi ecosystem.

Source link

adds amplifies Bitcoin DeFi holdings Solana Technologies Treasury
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin vs. Altcoins: What Are The Differences?

2025-02-26

What Can You Buy with Bitcoin? Everything You Need to Know

2025-02-14

Ethereum vs Bitcoin: Difference Between this Cryptocurrencies

2025-02-07

Scammers hijack Visa, Dean Norris social media accounts to promote fake Solana tokens

2025-01-27
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Blockchain

Introducing BitBoy, the Blockchain-Based Handheld by Ordz Games

2024-04-05

In a daring transfer set to shake the gaming trade, Ordz Video games has unveiled…

Analysis

Analyst Issues Ethereum (ETH) Warning, Says One Crypto Sector Will Have the Biggest Impact on Crypto Markets

2024-01-28

A intently adopted crypto analyst warns that Ethereum will doubtless proceed to underperform Bitcoin (BTC) regardless…

DeFi

Liquid Staking Platform Lido Surpasses 6M Ether Deposits as Shanghai Upgrade Spurs Inflows

2023-05-04

DeFi Decentralized finance (DeFi) protocol Lido Finance has surpassed six million ether (ETH) deposited on…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

Analyst Predicts Bitcoin Consolidation, Eyes Long-Term Price Target Of $500,000

2024-01-28

Sanctions Crypto Money Launderer Tied To Russian Elite

2023-11-03

Ferrari worth $2.5 million is now a Polygon NFT

2023-07-19

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$104,066.000.61%
  • ethereumEthereum(ETH)$2,475.991.01%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.35-2.61%
  • binancecoinBNB(BNB)$651.73-0.50%
  • solanaSolana(SOL)$171.15-0.33%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$104,066.000.61%
  • ethereumEthereum(ETH)$2,475.991.01%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.35-2.61%
  • binancecoinBNB(BNB)$651.73-0.50%
  • solanaSolana(SOL)$171.15-0.33%
  • usd-coinUSDC(USDC)$1.00-0.01%
bitcoin
Bitcoin (BTC) $ 104,171.91
ethereum
Ethereum (ETH) $ 2,464.81
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.35
bnb
BNB (BNB) $ 652.41
solana
Solana (SOL) $ 170.62
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.228898
cardano
Cardano (ADA) $ 0.790181
tron
TRON (TRX) $ 0.26083
bitcoin
Bitcoin (BTC) $ 104,171.91
ethereum
Ethereum (ETH) $ 2,464.81
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.35
bnb
BNB (BNB) $ 652.41
solana
Solana (SOL) $ 170.62
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.228898
cardano
Cardano (ADA) $ 0.790181
tron
TRON (TRX) $ 0.26083