DeFi Technologies Shares Plunge Amid Leadership Transition

December trading opened on a sour note for DeFi Technologies, as the Canadian fintech firm's stock experienced a sharp decline in early European hours. On the Tradegate exchange, shares plummeted more than 12%, briefly trading below the psychologically significant €1.20 threshold.

The equity opened with a substantial downward gap. This marks a stark contrast to its position late last week, when it was quoted around €1.38. The current trading range between €1.19 and €1.22 underscores the intensity of the selling pressure facing the company.

This sell-off is particularly notable as it follows a significant corporate announcement on November 26th. The company revealed that its portfolio company, Canada Stablecorp, secured regulatory approval for QCAD, described as Canada's first compliant dollar-denominated stablecoin.

Management had framed this development as a major infrastructural advancement, laying the "railway for a new financial system." However, the market's current reaction stands in direct opposition, with investors evidently choosing to overlook this milestone.

Should investors sell immediately? Or is it worth buying DeFi Technologies?

New CEO Takes Helm During Volatile Period

Compounding the situation is an ongoing executive transition. Since November 17th, co-founder Johan Wattenström has assumed the role of Chief Executive Officer following the resignation of Olivier Roussy Newton. Wattenström, known for launching the world's first Bitcoin Exchange-Traded Product (ETP), now faces the immediate challenge of restoring investor confidence.

The company's most recent operational metrics, detailed in its Q3 2025 results, show substantial scale with $22.5 million in revenue and $9 million in operating profit. Nevertheless, a year-over-year decline in these figures may be contributing to the prevailing caution among shareholders.

From a technical perspective, the chart remains weak. The stock is currently battling to establish a firm support level above €1.15. Whether it can find stability during the upcoming US trading session is a key question for observers.