DeFi Technologies, a Canadian publicly traded company, recently made a bold move by adopting Bitcoin as its primary treasury reserve asset. The company purchased an initial 110 BTC as part of its new strategy.
In an official announcement, DeFi Technologies expressed its confidence in Bitcoin’s ability to safeguard against fiat money depreciation and its potential to enhance the company’s treasury. The company believes that Bitcoin’s scarcity and limited supply make it a valuable hedge against inflation and a secure refuge from monetary devaluation. Its digital and structural resilience also make it a more attractive option compared to traditional assets.
CEO Olivier Roussy Newton emphasized the company’s faith in Bitcoin as a hedge against inflation and a store of value. He highlighted Bitcoin’s impressive performance over the past decade and expressed excitement about the company’s future in the digital asset space.
DeFi Technologies’ decision to embrace Bitcoin as a treasury reserve asset reflects its belief in the cryptocurrency’s long-term potential. As Bitcoin gains wider acceptance, the company anticipates substantial returns on its investment.
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