DeFi Technologies secures $100 million from institutional investors

TORONTO - DeFi Technologies Inc. (Nasdaq:DEFT) (CBOE CA:DEFI), whose shares have surged 78% over the past year and 29% in the last six months according to InvestingPro data, has entered into a securities purchase agreement with institutional investors led by Galaxy Digital (Nasdaq:GLXY) for $100 million in financing, the company announced Thursday.

Under the agreement, investors will purchase approximately 45.7 million shares of common stock and warrants to purchase up to an additional 34.2 million shares. The combined purchase price is set at $2.19 per share and three-quarters of one warrant. The deal is significant for DeFi Technologies, which currently maintains a market capitalization of $15.4 million and boasts a "GREAT" financial health score according to InvestingPro analysis.

The warrants will have an exercise price of $2.63 per share, representing a 120% premium to the offering price. They will be exercisable immediately upon issuance and will expire three years from the date of issuance, with an acceleration feature based on share price appreciation.

The offering is expected to close Friday, subject to customary closing conditions including regulatory approvals from the Cboe Canada Exchange and notification to the Nasdaq Capital Market Exchange.

Joseph Gunnar & Co. is serving as the exclusive placement agent for the offering.

DeFi Technologies intends to use the net proceeds for general corporate purposes, including funding working capital, according to the press release statement.

The offering is being made under the company’s short form base shelf prospectus dated September 4, 2025, filed with Canadian securities regulatory authorities, and the corresponding registration statement on Form F-10 filed with the U.S. Securities and Exchange Commission.

DeFi Technologies describes itself as a financial technology company bridging the gap between traditional capital markets and decentralized finance, offering investors exposure to the decentralized economy through various business lines including regulated ETPs, digital asset prime brokerage, research, quantitative trading strategies, and arbitrage. For deeper insights into DeFi Technologies’ valuation metrics and growth potential, InvestingPro subscribers can access additional analysis tools and exclusive financial indicators.

In other recent news, DeFi Technologies Inc. reported its second-quarter 2025 revenue of $32.1 million, an increase from $25.3 million in the same period last year. The company also announced an adjusted EBITDA of $21.6 million and an adjusted net income of $17.4 million, compared to a negative EBITDA and net loss in Q2 2024. Additionally, DeFi Technologies revealed a 2.85% month-over-month growth in assets under management, reaching $974 million as of August 29, reflecting strong investor demand. In a strategic move, DeFi Technologies launched the world’s first physically-backed Bitcoin staking exchange traded product on the London Stock Exchange. This product offers a 1.4% annual staking yield, with Bitcoin held in institutional-grade cold storage. The company also announced a collaboration with SovFi Inc. to create a sovereign finance framework targeting the $100 trillion sovereign debt market. Lastly, DeFi Technologies identified discrepancies in share ownership records during its shareholder intelligence initiative, noting differences between reported shares and those recorded at major depositories.

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