Defi Technologies - DEFTF STOCK NEWS

DeFi Technologies reports significant growth through its subsidiary Valour as of November 30, 2024. Valour achieved record Assets Under Management (AUM) of C$1.3 billion, marking a 57% month-over-month increase and 155% year-to-date growth. The company recorded record monthly net inflows of C$20.9 million in November. The company's financial position shows C$17 million in cash/USDT balance, C$8.3 million in loans payable, and a digital asset treasury valued at C$67.8 million. Key products driving inflows include SUI, DOGE, and TAO ETPs, with SOL and BTC ETPs leading in AUM. Strategic developments include launching the first Dogecoin ETP in Nordics and expanding into APAC markets.

DeFi Technologies announces that Russell Starr, Head of Capital Markets, will appear as a guest on Stocktwits Daily Rip Live on December 3, 2024, at 9:00 AM EST. The show, hosted by Shay Boloor and Jordan Lee, provides market updates, trading insights, and analysis of financial trends to Stocktwits' community. The live show will be accessible through Stocktwits' website, X (formerly Twitter) account, and YouTube channel.

Eagle Bancorp (NASDAQ: EGBN) has announced its participation in the upcoming Jefferies Bank Summit on December 9, 2024. The Bethesda-based holding company's President and CEO Susan G. Riel, along with CFO Eric R. Newell, will engage in meetings with institutional investors during the summit. The company has made management discussion materials available on their investor relations website for reference.

DeFi Technologies' subsidiary Valour Inc. has launched the first Dogecoin (DOGE) ETP in the Nordics on Sweden's Spotlight Stock Market. The Valour Dogecoin (DOGE) SEK ETP (ISIN: CH1108679320) offers investors exposure to DOGE, currently the 7th largest digital asset with a market cap of approximately $59.5 billion. The ETP features a 1.9% management fee and provides a regulated investment vehicle without the complexities of direct cryptocurrency ownership.

Dogecoin, launched in 2013 as a peer-to-peer cryptocurrency, uses the Scrypt algorithm for fast, low-cost transactions. Despite its origins as a Bitcoin parody, it has evolved into a widely recognized digital currency used for tipping, charitable donations, and merchant payments.

DeFi Technologies' subsidiary Valour Inc. has launched the first Dogecoin (DOGE) ETP in the Nordics on Sweden's Spotlight Stock Market. The Valour Dogecoin (DOGE) SEK ETP (ISIN:CH1108679320) offers investors exposure to DOGE, currently the 7th largest digital asset with a market cap of approximately $59.5 billion. The ETP features a 1.9% management fee and provides a simplified way to invest in Dogecoin without direct cryptocurrency ownership.

Dogecoin, launched in 2013 as a peer-to-peer cryptocurrency, uses the Scrypt algorithm for fast, low-cost transactions and has gained significant traction following the U.S. presidential election.

DeFi Technologies' subsidiary Valour has signed an MOU with AsiaNext and SovFi to expand its ETP offerings in Singapore and across APAC. The partnership aims to list Valour's digital asset ETPs on AsiaNext's Singapore-licensed securities exchange, enhancing institutional access. Valour plans to launch 20 new ETPs in addition to its existing 28 offerings, focusing on products like Bitcoin staking and crypto index-based ETPs. AsiaNext, a joint venture between SBI Digital Asset Holdings and SIX Group, will provide infrastructure while SovFi will contribute liquidity expertise. The collaboration targets the growing demand for regulated digital asset investments in Singapore, where crypto merchant transactions reached nearly $1 billion in Q2 2024.

DeFi Technologies reports strong Q3 2024 financial results with total revenues of C$152.4M for the first nine months, EBITDA of C$102.3M, and net income of C$97.2M. Assets Under Management (AUM) grew 51.6% to C$770.5M since December 2023, reaching a record C$1.1B by November 2024. The company projects annualized revenues of C$198.6M for fiscal 2024. Cash and USDT balance increased to C$25.4M, with treasury holdings valued at C$36.3M and venture portfolio at C$45.1M. Notable developments include the acquisition of Stillman Digital, partnership with Professional Capital Management, and planned expansion of ETP offerings.

DeFi Technologies announces the launch of CoreFi Strategy, a regulated investment approach modeled after MicroStrategy, focusing on Bitcoin yield and CORE token holdings. The strategy leverages Core blockchain's Non-Custodial Staking and Dual Staking capabilities, with over 8,200 staked Bitcoin and ~75% of Bitcoin mining hash power supporting its ecosystem. Valour, a DeFi Technologies subsidiary, has already launched the first yield-bearing BTC ETP offering 5.65% yield, and a CORE ETP available on Börse Frankfurt. The Core ecosystem boasts $700M in TVL, 1M+ weekly active wallets, and 310M+ total transactions.

DeFi Technologies (CBOE CA: DEFI) (OTC: DEFTF) has scheduled a shareholder call for November 15, 2024 at 12:00 p.m. EST to discuss its financial results for Q3 2024 and the nine-month period ending September 30, 2024. The company, which specializes in bridging traditional capital markets with Web3 and decentralized finance, will host the discussion via webinar, requiring advance registration through their provided Zoom link.