InvestorsBitcoin

DeFi Technologies

DEFI · Nasdaq (DEFT); Cboe Canada (DEFI); also Frankfurt (R9B) and B3 (DEFT31)FinancialLow

Canada

BTC held

2,597

as of Dec 31, 2025 · 0.012% of 21M

Value now

$208M

at BTC $80,275

Basic mNAV

1.15×

mkt cap $240M as of Aug 31, 2026

Sats per share

669

388M shares as of Aug 31, 2026

Cost basis

Average cost per BTC
—
Total invested
—
Unrealized gain
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Treasury debt

No convertible notes or treasury-linked debt on file.

Recent activity

No bitcoin purchases have been announced in 2026. Q2 2026 results (revenue $7.8M, operating loss $2.3M) reported digital-asset treasury holdings of ~$30.0M as of June 30, 2026, alongside $70.7M cash/stablecoins and $19.1M in STRC/RWUSD — a ~$135M 'war chest' management says it will deploy through the crypto downturn.

Risk notes

The widely cited 2,597 BTC figure (bitcointreasuries.net/CoinGecko, dated Dec 31, 2025, including a single +2,345 BTC entry) is inconsistent with the company's own reported digital-asset treasury of only ~$35.5M at Dec 31, 2025 and ~$30.0M at Jun 30, 2026 — it almost certainly includes bitcoin held on-balance-sheet backing Valour ETPs (client-offset assets); The Block lists corporate treasury at just 204 BTC. Treat the headline holdings figure with caution; Q2 2026 also swung to an operating loss amid the downturn.

Sources

Figures are compiled from public disclosures and may lag. This page is information, not investment advice or a recommendation regarding DEFI securities.