DeFi Technologies Secures Landmark $100 Million Investment from Galaxy Digital

In a significant move for the digital asset sector, DeFi Technologies has finalized a major $100 million capital raise. The Canadian firm attracted Galaxy Digital, a heavyweight in the cryptocurrency investment space, as the lead investor in this substantial funding round concluded on September 26.

The financing arrangement comprised 45.6 million common shares alongside warrants granting the right to acquire an additional 34.2 million shares. These warrants carry an exercise price of $2.63 per share, representing a 20% premium to the $2.19 share price. This premium structure signals strong investor conviction in the company’s future trajectory.

The newly acquired capital is earmarked for a multi-pronged growth strategy. Key investment areas include the expansion of the company’s Exchange Traded Products (ETPs) business, operated through its... Read more...