DeFi Technologies increased its holdings of 110 BTC as reserve assets, and its stock price rose by more than 10% today

Odaily News Financial technology company DeFi Technologies (OTCMKTS: DEFTF) announced on Monday that it will adopt Bitcoin as the main reserve asset for its treasury, aiming to protect its reserves from currency depreciation. The listed company announced that it has increased its holdings by a total of 110 BTC, worth approximately $7.7 million at current prices. It believes that this strategy is expected to generate substantial returns as Bitcoin adoption continues to expand. It is understood that DeFi Technologies is committed to the integration of traditional financial markets with the DeFi field. According to market data, DeFi Technologies' stock price rose 10.77% today, temporarily reporting $1.44. (CoinGape)