Overview of DeFi Technologies

DeFi Technologies (Cboe Canada: DEFI, OTC: DEFTF) is a publicly traded company focused on decentralized finance (DeFi) infrastructure and investment products, dedicated to providing compliant channels for traditional capital markets to access crypto assets.

Its core business includes:

1. Valour ETPs: Provides exchange-traded products (ETPs) that track Bitcoin, Ethereum, and other digital assets, listed on several major European exchanges such as Euronext and the Frankfurt Stock Exchange, making it easier for institutional and retail investors to invest in digital assets.

2. DeFi Alpha: Focuses on low-risk arbitrage trading, finding arbitrage opportunities in centralized and decentralized markets through algorithms and market analysis, reducing market volatility risk.

3. Stillman Digital: an over-the-counter (OTC) and liquidity provider supporting institutional investors in large-scale cryptocurrency trading and providing 24/7 deep liquidity.

4. Reflexivity Research: Providing institutional-grade research on the crypto market, offering in-depth market analysis and trend interpretation for investors, funds, and enterprises.

As the global cryptocurrency market expands, DeFi Technologies is becoming an important bridge connecting traditional finance with the DeFi ecosystem through these business segments, providing investors with secure, compliant, and convenient digital asset investment solutions.

Image:https://defi.tech/

DeFi Technologies stock performance analysis

DeFi Technologies benefits from the development of the crypto market, and its stock price trends are somewhat correlated with the crypto market. Several factors below may affect its stock price:

• Cryptocurrency market trends: The rising prices of cryptocurrencies such as Bitcoin and Ethereum may drive the growth of DeFi-related ETP products, thereby increasing company revenue.

• Regulatory Environment: Regulatory policies in Canada and Europe’s crypto markets may impact its business model.

• Institutional investor demand: More and more institutions are investing in cryptocurrencies through ETPs, driving up Valour’s market demand.

• Development of the Decentralized Finance (DeFi) sector: The growth of decentralized financial protocols may attract more funds and enhance the market appeal of DeFi-related products.

Introduction to Other Blockchain Concept Stocks

In addition to DeFi Technologies, there are many well-known blockchain concept stocks in the market, covering multiple areas such as exchanges, mining, asset management, and more.

(1) Asset-driven concept stocks

MicroStrategy (MSTR)

• Main business: Business intelligence software company, but famous for its huge Bitcoin holdings.

• Bitcoin holdings: As of December 30, 2024, MicroStrategy holds 444262 bitcoins.

• Investment logic: MSTR stock price is highly dependent on the trend of the Bitcoin market and is seen as a “leveraged investment tool” for Bitcoin.

Boyaa Interactive (HK: 0434)

• Main business: chess game developer, recently transformed into the Web3 ecosystem.

• Position: As of March 2, 2025, holding 3350 BTC

• Investment logic: Boya Interactive’s cryptocurrency holdings have exceeded its market value, making it an “asset-driven” stock that the market is paying attention to.

(2) Cryptocurrency Mining Concept Stocks

Marathon Digital (MARA)

• Main business: one of the largest Bitcoin mining companies in North America.

• Existing Hashrate: As of February 2025, 53.2 EH/s.

• Investment logic: After the halving of Bitcoin, MARA, as a low-cost mining company, is expected to benefit.

Riot Platforms (RIOT)

• Main business: Blockchain infrastructure construction and Bitcoin mining.

• Investment logic: Despite the large short-term losses, the stock price still fluctuates with the cryptocurrency market, suitable for high-risk investors.

CleanSpark（CLSK）

• Main business: Focus on renewable energy Bitcoin mining.

• Investment thesis: Its green energy model has long-term appeal in the ESG investment trend.

(3) Exchange and Payment Concept Stocks

Coinbase (COIN)

• Main business: The largest compliant cryptocurrency exchange in the United States.

• Investment logic: After the launch of the Bitcoin ETF, COIN as a major exchange will benefit from increased trading volume.

Block (SQ)

• Main business: Formerly Square, focusing on payment services, holding bitcoin as reserve assets.

• Investment logic: Its payment business is stable, and Bitcoin holdings are expected to provide additional returns.

Conclusion

With the maturity of blockchain technology and the entry of institutional investors, blockchain concept stocks are gradually becoming the new favorite of investors.DeFi Technologies (DEFI) as a listed company in the DeFi sector has a great market potential. At the same time, stocks such as MicroStrategy, Coinbase, Marathon Digital are also worth paying attention to.

For investors, investing in blockchain concept stocks requires close attention to cryptocurrency market trends, regulations, and market demands. When selecting individual stocks, it is recommended to allocate assets reasonably based on one’s risk tolerance and seize the opportunities in the blockchain industry development.