TechFlow reported on September 17 that, according to Decrypt, Canadian cryptocurrency firm DeFi Technologies announced it has filed a Form 40-F registration statement with the U.S. Securities and Exchange Commission (SEC) for a listing on Nasdaq. The company currently trades under the ticker DEFI on Cboe Canada and under DEFTF in the over-the-counter market.
Year-to-date, DeFi Technologies' stock price has surged 275%. As of July, the company had generated $105 million in profit while its market capitalization stood at just $429 million. Its profits primarily stem from Valour, its European crypto investment products subsidiary, and DeFi Alpha, its low-risk arbitrage trading division. In June, the company announced it had added Bitcoin to its balance sheet, doubled its Bitcoin holdings in July, and increased its positions in SOL and CORE.
