What’s going on with DeFi Technologies?
DeFi Technologies (DEFTF) stock was trading 2.12% lower after the Canadian company released a positive update on its DeFi Venture portfolio: On investment of $477,500 into respective DeFi portfolio projects, the company reported 255% ROI over the last six months — with a current value of approximately $1.7 million. Shares of DEFTF were trading at $0.72 per share on Tuesday afternoon.
What does this mean for DEFTF?
DeFi Technologies’ investment successes include Sovyrn — with the initial $100,000 investment now valued at $233,522. Another is Luxor Technologies, which recently closed a $5 million Series A fundraising round led by NYDIG with participation from Blockware Solutions, Celsius Network, and others. DeFi Technologies invested $162,499 and the investment is currently valued at $562,499. Other DeFi projects that yielded strong ROI include Oxygen Protocol, Saffron Finance, Earnity and Volmex.
“It’s been very exciting to see the projects DeFi Technologies has invested in as a part of our DeFi Venture offering be amongst the leaders in a rapidly growing DeFi ecosystem,” said Wouter Witvoet, CEO of DeFi Technologies. “We aren’t just investing in the technologies behind the projects but the leadership and teams behind them as well. We’re very proud of the progress we have seen thus far and I’m certain we’ll continue to see these innovative projects continue to disrupt DeFi and the financial sector as a whole.”
DEFTF has a Short-Term Technical Rank of 43. Find out what this means to you and get the rest of the rankings on DEFTF!
DeFi Technologies Inc is a Canadian company that carries on business with the objective of enhancing shareholder value through building and managing assets in the decentralized finance sector.
This news is republished from another source. You can check the original article here.
Be the first to comment