DeFi Technologies subsidiary Valour saw a net inflow of $10.4 million in August, a record high for the year

Odaily News DeFi Technologies released its monthly corporate update, and as of August 30, its subsidiary Valour managed assets of 661 million Canadian dollars (487 million U.S. dollars), an increase of 30% this fiscal year. Although assets under management have declined due to price reasons, net inflows in August still set a record for the highest monthly net inflow in 2024, reaching 14.1 million Canadian dollars (10.4 million U.S. dollars). As of August 31, 2024, the company is in good financial condition, with a cash balance of approximately 26.2 million Canadian dollars (19.4 million U.S. dollars) and current loans payable of approximately 17.5 million Canadian dollars (13 million U.S. dollars). In addition, the company has purchased and held 204.3 BTC and has diversified its inventory assets to include 21.3 ETH, 246,683 ADA, 64,616 DOT, 5,345 SOL, 490 UNI, 433,322 AVAX and 2,515,203 CORE, totaling approximately 33.9 million Canadian dollars (25.1 million U.S. dollars). (PR Newswire)