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

$203M

at BTC $78,218

Basic mNAV

1.18×

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

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.