DeFi Technologies, a Canadian publicly traded company, has unveiled its financial report for the period ending September 30, 2024. This comprehensive analysis showcases the impressive growth trajectory of its subsidiaries, Valour Inc. and Valour Digital Securities Limited, with assets under management (AUM) surging to an impressive total of $561 million.
This marks an astonishing increase of 49% since the beginning of the year, indicating a robust demand for their services and a solid performance amid a dynamic digital asset market. As of September 30, 2024, DeFi Technologies reported a substantial cash balance of approximately CAD 19.7 million, equivalent to $14.6 million.
In addition, the company currently holds outstanding loans amounting to CAD 13.5 million, or $10 million, reflecting a calculated approach to leveraging its capital for future growth. Significantly, the financial report provides insight into the company's cryptocurrency holdings, which are diversified across several leading digital assets.
These holdings include 204.3 BTC, 81.3 ETH, 246,683 ADA, 86,616 DOT, 5,745 SOL, 491 UNI, 433,322 AVAX, and 2,755,203 CORE. The details presented in this financial report underscore the company's commitment to strategic asset management and its intent to leverage emerging opportunities within the evolving digital asset landscape.
DeFi Technologies continues to prioritize growth and stability as it navigates the challenges and potentials within the fintech sector. The impressive figures in their asset management reflect not only the efficacy of their strategies but also the increasing acceptance of digital assets in mainstream financial portfolios, positioning DeFi Technologies as a leader in the space..