DeFi Technologies Inc.
DEFI🇨🇦Reserve
DeFi Technologies is a Canadian financial technology company bridging traditional capital markets with decentralized finance. Through its subsidiary Valour, it operates one of Europe's largest crypto ETP platforms with 100+ listed products. The company holds BTC on its consolidated balance sheet from both corporate treasury and Valour ETP operations, acquired via free cash flow without debt or equity dilution.
BTC Holdings
2,663.42 BTC
180d
Stock PriceUpdated 11h ago
0.94 CAD▲ 3.30%
180d
Total financing
0.00 CAD
180d
mNAV
1.54x▲ 3.42%
180d
Leverage
0.0%
180d
Sats/Share
603
180d
Mkt capFD
415.50M CAD
SharesFD
442.02M
Fiat reserve
103.37M CAD
Total reserve
373.47M CAD
Dilution
14.0%
Analytics
FinancialsUnverified
IFRSQuarterlyAs of 2026-03-31
Balance Sheet
Total Assets$634.2M▼23.1%
Total Liabilities$478M▼29.2%
Stockholders' Equity$156.1M▲4.4%
Cash & Equivalents$87.6M▼4.0%
Total Debt$0▼100.0%
Digital Assets$192.9M▲443.4%
Income Statement
Revenue$11.2M▼44.0%
Operating Income$-212.8K
Net Income$4.9M▼82.9%
Interest Expense$335.7K
Cash Flow
Operating Cash Flow$1.1M
Instruments
Total
0.00 CAD
| Instrument | Term | Price | Dividend | Yield | Notional | Shares |
|---|---|---|---|---|---|---|
| Total | 0.00 CAD | |||||
Recent Changes
Tue, Mar 31, 2026
BTC Holdings
2.6K→2.7K+66.464 BTC(+2.6%)
Total BTC across digital assets, digital assets loaned, and digital assets staked at fair value of $174,657,889. Most BTC backs Valour ETP issuances (hedged 100% against ETP holders payable of $444,346,794).
Form 6-K (Q1 2026 Interim Financial Statements & MD&A)Shares Outstanding
385.8M→387.8M+1.9M(+0.5%)
Form 6-K (Annual Information Form FY2025)
Debt OutstandingRepaymentDEFI-Genesis
6.1M→0-6.1M(-100.0%)
Genesis Open Term Loan ($6,100,598 principal) effectively eliminated via legal set-off against 475 BTC of pledged collateral; digital assets and loan payable netted on the balance sheet.
Form 6-K (Q1 2026 Interim Financial Statements & MD&A)Debt OutstandingRepaymentDEFI-Margin
2.6M→0-2.6M(-100.0%)
Crypto Margin Credit Line repaid in full during Q1 2026; $2,611,009 outflow under Loan repaid.
Form 6-K (Q1 2026 Interim Financial Statements & MD&A)Fiat Reserve
113.8M→103.4M-10.4M(-9.2%)USD
$87.6M cash + $15.8M USDT/USDC
Form 6-K (Q1 2026 Earnings Press Release)Wed, Dec 31, 2025
BTC Holdings
208.8→2.6K+2,388.156 BTC(+1143.8%)
Audited consolidated digital assets holdings (includes treasury + ETP-backing). 67.9793 BTC held by Genesis as collateral is netted off the loan and excluded from this figure.
Form 40-F (2025)Shares Outstanding
384.4M→385.8M+1.5M(+0.4%)
Form 40-F (2025)
Debt OutstandingIssuanceDEFI-Genesis
6.0M→6.1M+100.6K(+1.7%)
Principal + interest; netted on B/S with 69.68 BTC collateral per IFRS offset right
Form 40-F (2025)Debt OutstandingRepaymentDEFI-Margin
5.4M→2.6M-2.8M(-52.0%)
Form 40-F (2025)
Fiat Reserve
119.5M→113.8M-5.7M(-4.8%)USD
$91.2M cash + $22.6M USDT/USDC
Form 6-K (FY2025 audited results)