DeFi Technologies announces share buyback program

TORONTO - DeFi Technologies Inc. (Nasdaq:DEFT) (CBOE CA:DEFI), currently trading at $2.11 and down about 29% year-to-date according to InvestingPro data, announced Friday it will commence a Normal Course Issuer Bid (NCIB) to repurchase its common shares through various trading platforms including Nasdaq and CBOE Canada.

The financial technology company plans to buy back up to 31,673,791 common shares, representing 10% of its public float as of August 18, 2025. The share repurchase program will run from August 26, 2025, through August 26, 2026.

According to the company, management believes the current market price may not reflect the underlying value of its business and prospects. The company stated that its current cash balance stands at approximately US$19.8 million.

"The NCIB has been approved by the Company’s board of directors and accepted by Cboe Canada," DeFi Technologies said in a press release statement.

Daily purchases under the program cannot exceed 25% of the average daily trading volume on Nasdaq and Cboe Canada as measured from February 18, 2025, to August 18, 2025. All purchased shares will be cancelled.

DeFi Technologies has appointed Ventum Financial Corp. to coordinate and facilitate purchases under the NCIB.

The company describes itself as bridging the gap between traditional capital markets and decentralized finance through several subsidiaries including Valour, which offers regulated ETPs for digital assets, and Stillman Digital, a digital asset prime brokerage.

In other recent news, DeFi Technologies Inc. has reported significant developments. The company confirmed its revenue guidance for 2025, expecting to achieve $201.07 million in revenue for the fiscal year. This announcement was part of a recent filing with the Securities and Exchange Commission. Additionally, DeFi Technologies disclosed that its subsidiary, Valour, has $812 million in assets under management as of May 2025, with net inflows of $12.7 million during the month.

In an effort to enhance market transparency, DeFi Technologies has engaged Shareholder Intelligence Services and Urvin Consulting. These firms will provide analytics tools to improve visibility into the trading activity of the company’s shares. Furthermore, DeFi Technologies is set to participate in the "2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow," organized by Maxim Group LLC. This participation was announced in a press release filed with the SEC.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.