Track DeFi Technologies in your portfolio
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Acquisition History
Acquisition data not available.
Treasury Metrics
What is DeFi Technologies?
DeFi Technologies is a Canadian listed digital-asset company that combines the issuance of crypto-asset ETPs (Exchange-Traded Products) in Europe through its subsidiary Valour with the accumulation of Bitcoin on its corporate balance sheet. With more than 2,500 BTC on its balance sheet it is one of the Canadian treasuries in the SatsIntel directory, with a hybrid model distinct from miners or pure treasuries.
History and model
DeFi Technologies was founded as a Canadian digital-asset company listed on TSX Venture with secondary listings in Frankfurt and on the US OTC market. Its core business is the issuance of ETPs on Bitcoin and other cryptocurrencies in European markets through its subsidiary Valour, one of the most active issuers of crypto exchange-traded products in Europe. The company also holds a proprietary Bitcoin position on its balance sheet as a corporate strategic reserve, a policy it has been expanding during 2024-2025.
Bitcoin strategy
DeFi Technologies combines two sources of BTC exposure: the proprietary position held as a corporate strategic reserve, and the backing position of its ETPs (which, although legally segregated from the corporate balance sheet, reinforces the institutional thesis). The stated policy for the proprietary position is HODL: the company has expanded the position occasionally without establishing an explicit Strategy-style continuous-accumulation plan.
Financing vehicles
As a diversified company, DeFi Technologies finances its operations with ETP management fees (a recurring and mature line), staking of DeFi protocols (not directly exposed to BTC), and occasional equity raises. The BTC on the balance sheet has been financed mainly with operating cash flow, without needing specific instruments like convertible bonds. This structure gives it stability but limits the speed of accumulation versus pure treasuries intensive in capital raising.
Position on SatsIntel
DeFi Technologies ranks eighteenth in the SatsIntel directory by BTC holdings and is one of the two Canadian companies in the top 20 (alongside Hut 8). Its hybrid model (ETP issuer + proprietary BTC position) sets it apart from both pure treasuries and miners. The editorial pillar on Bitcoin treasuries classifies it as a fund with BTC on the balance sheet, in line with Galaxy Digital although at a much smaller scale and with a different geographic focus (Canada+Europe vs US).
Frequently asked questions
How many bitcoins does DeFi Technologies hold?
DeFi Technologies holds more than 2,500 BTC in its own corporate position. Additionally, the subsidiary Valour holds backing reserves for its crypto ETPs, legally segregated from the corporate balance sheet.
What are DeFi Technologies' ETPs?
Exchange-Traded Products on crypto-assets issued on European exchanges through the subsidiary Valour. They are listed products with an underlying backing that allow European investors to gain exposure to BTC, ETH and other cryptocurrencies without direct custody.
Where does DeFi Technologies trade?
TSX Venture (Canada) as the primary listing, with secondary listings in Frankfurt (European market) and on the US OTC market.
What's the difference between DeFi Tech and Galaxy Digital?
Geographic focus (DeFi Tech operates in Canada and Europe, Galaxy in the US), size (Galaxy is roughly 10× larger by balance), and business model (DeFi Tech is ETP-centric via Valour, Galaxy is a full-service crypto investment bank with trading, asset management, banking and proprietary mining).
Is DeFi Technologies a treasury or an ETP issuer?
Hybrid. Its core business is issuing crypto ETPs in Europe via Valour, but it holds a significant proprietary corporate BTC position (2,500+ BTC) that includes it in the SatsIntel treasury directory.
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Disclaimer: SatsIntel is for informational purposes only. It is not an authorized crypto-asset service provider (CASP) and does not provide financial, tax or legal advice. Crypto-assets are high-risk assets and may result in the total loss of the invested capital. See the legal terms.