Valour, a Subsidiary of DeFi Technologies, Sees $10.4 Million in Net Inflows in August, Highest This Year
DeFi Technologies released a monthly corporate update, reporting that its subsidiary, Valour, had CAD 6.61 billion (USD 4.87 billion) in assets under management as of August 30th, representing a 30% increase year-to-date. Despite a decline in assets under management due to price factors, August saw the highest monthly net inflow for 2024, reaching CAD 14.1 million (USD 10.4 million).
As of August 31, 2024, the company's financial position was strong with approximately CAD 26.2 million (USD 19.4 million) in cash and approximately CAD 17.5 million (USD 13 million) in current liabilities. Additionally, the company has purchased and holds 204.3 BTC and has diversified its portfolio to include 21.3 ETH, 246,683 ADA, 64,616 DOT, 5,345 SOL, 490 UNI, 433,322 AVAX, and 2,515,203 CORE, totaling approximately CAD 33.9 million (USD 25.1 million). (PR Newswire)