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
208.8 BTC
Insufficient history
Stock Price
1.00 CAD
180d
Total financing
12.04M CAD
180d
mNAV
19.00x
180d
Leverage
0.0%
180d
BTC Credit
0 bps>10x
Sats/Share
54
180d
Mkt cap
387.78M CAD
Shares
387.78M
Fiat reserve
113.80M CAD
Total reserve
134.21M CAD
Dilution
0.0%
BTC mix
0%
Analytics
BTC Coverage
Financials
IFRSAnnualAs of 2025-12-31
Balance Sheet
Total Assets$824.6M▼37.4%
Total Liabilities$675M▼47.7%
Stockholders' Equity$149.6M▲444.4%
Cash & Equivalents$91.2M▲299.1%
Total Debt$2.6M▼73.1%
Digital Assets$35.5M
Income Statement
Revenue$99.1M▲157.7%
Operating Income$46.5M▲291.2%
Net Income$62.4M▲329.3%
Interest Expense—
Cash Flow
Operating Cash Flow$-133.4M▼2.6%
Instruments
Total
0.00 CAD
| Instrument | Term | Price | Dividend | Yield | Notional | Shares | BTC Rating |
|---|---|---|---|---|---|---|---|
| Total | 0.00 CAD | ||||||
Recent Changes
Tue, Mar 31, 2026
Shares Outstanding
385.8M→387.8M+1.9M(+0.5%)
Form 6-K (Annual Information Form FY2025)
Wed, Dec 31, 2025
Shares Outstanding
385.8M→385.8M+28.0K(+0.0%)
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)