DeFi Technologies Acquires Bitcoin to Protect Against Inflation

DeFi Technologies purchased 110 bitcoins, spending $7.5 million on it, and declared the cryptocurrency as its main reserve asset. The choice was made in favor of Bitcoin due to its high capitalization, which currently reaches $1.35 trillion. The company's management believes that Bitcoin has significant advantages over other cryptocurrencies.

Bitcoin has been selected by DeFi Technologies as its primary reserve asset, demonstrating the company's confidence in its ability to protect against inflation risks and fiat currency depreciation. Bitcoin is the fastest growing asset over the past ten years, and, according to the company's management, can significantly enrich the company's budget both in the short and long term.

Olivier Newton, director of DeFi Technologies, commented on this move as follows:

“We have chosen Bitcoin as our primary reserve asset, thereby demonstrating confidence in its ability to hedge risks associated with rising inflation and fiat currency depreciation. As the best asset in terms of value appreciation over the past decade, Bitcoin can significantly enrich a firm’s budget in a short time. - and in the long term."

DeFi Technologies' decision could have an impact on other companies considering investing in cryptocurrencies as a hedge against inflation. The high capitalization and positive dynamics of Bitcoin make it attractive to large investment players seeking to diversify their assets and ensure financial stability in an unstable global economy.

DeFi Technologies' Bitcoin purchase highlights the growing role of cryptocurrencies in the modern financial world. As the example of this Canadian company shows, Bitcoin is becoming not just a speculative asset, but a reliable tool for protecting capital from inflation risks.