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CALGARY - DevvStream Corp. (NASDAQ:DEVS), a micro-cap company with a market capitalization of $13.5 million, announced Tuesday the initial composition of its cryptocurrency treasury portfolio, which will include Bitcoin, Solana, and its own digital asset DevvE. According to InvestingPro data, the company maintains impressive gross profit margins of 74% despite challenging market conditions.
The carbon management firm has appointed BitGo Trust Company as qualified custodian and FRNT Financial Inc as digital treasury consultant to oversee its digital asset strategy, according to a company press release. The move comes as DevvStream’s stock shows strong momentum, with InvestingPro reporting notable returns of over 3% in the past week, despite a challenging year that saw a significant decline from its 52-week high of $15.48.
DevvStream described its approach as a "forward-looking crypto treasury strategy" designed to combine institutional-grade liquidity with exposure to programmable sustainability, with real-world asset tokenization as a core investment thesis.
The company selected Bitcoin as the "foundational asset" of its digital economy portfolio, citing its security and market liquidity. Solana was chosen for its transaction speed and ecosystem, while DevvE is described as a programmable digital asset combining DeFi innovation with traditional finance security.
"Our treasury model isn’t just about holding crypto. It’s about aligning capital with our mission," said Sunny Trinh, CEO of DevvStream, in the statement.
The company indicated it plans to continue expanding its digital asset portfolio as part of its broader strategy to fund sustainable infrastructure and tokenize environmental assets.
Founded in 2021, DevvStream specializes in the development, investment, and sale of environmental assets, with operations across offset portfolio management, project investment, and project development in areas such as EV charging and renewable energy generation. InvestingPro analysis reveals the company’s current valuation metrics and financial health indicators suggest potential opportunities - subscribers can access 10+ additional exclusive ProTips and comprehensive financial analysis to make informed investment decisions.
In other recent news, DevvStream Corp. has announced several significant developments. The company secured up to $300 million in convertible notes through a securities purchase agreement with Helena Partners, with an initial funding of $10 million completed. This funding will be used primarily for purchasing liquid digital assets, with 70% of the first tranche allocated to these purchases. Additionally, DevvStream has entered a carbon management agreement with Energy Efficient Technologies, which will generate revenue through carbon credits, international renewable energy certificates, and shared utility-bill savings. The company has also expanded its presence in Indonesia by signing two memoranda of understanding for waste-to-energy projects, aiming to generate new revenue streams through international renewable energy certificates and carbon credits. Furthermore, DevvStream has partnered with Fayafi Investment Holding to launch a joint venture named Fayafi x DevvStream Green Ventures, focusing on funding decarbonization and climate infrastructure projects globally. This venture will start with an initial funding commitment of $100 million, with potential increases based on project performance. These recent developments highlight DevvStream’s strategic initiatives to diversify and expand its operations.
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