Today’s episode - Target Price

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The latest financial report shows that Valour's AUM has reached C$837 million (US$609 million) as of July 31, 2024, with strong net inflows of C$9.3 million (US$6.75 million) in July. The company's financial position is solid with approximately C$56.2M (US$40.9M) in cash and USDT balance, and holdings of 204.34 BTC, 12,775 SOL tokens, and 1,484,148 CORE tokens as of August 7, 2024.

In terms of strategic developments, the company has strengthened its leadership, expanded its product offerings with the launch of the world's first NEAR Protocol ETP, and entered into partnerships to enhance its trading capabilities and diversify revenue streams. Additionally, Valour is aiming to introduce innovative ETF products in the U.S. market through a strategic partnership with Professional Capital Management.

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Have you ever wished you'd invested in Apple or Amazon before they skyrocketed? The crypto world is still young, and similar opportunities exist.

DeFi Technologies, a financial powerhouse, could be the next big thing.

Our Portfolio - Valour Asset Management, Defi Ventures & Defi Infrastructure

This video was conducted on behalf of DeFi Technologies Inc, and was funded by Gold Standard Media LLC and/or affiliates. For our full disclaimer, please visit https://portal.goldstandardir.com/disclaimer/DEFTF-303

https://defi.tech/ - CBOE: DEFI | OTC: DEFTF

DeFi Technologies: A Buy Rating and a C$4.00 Price Target

DeFi Technologies Inc. (DEFTF) has recently garnered significant attention in the financial technology sector, particularly within the realm of decentralized finance (DeFi). In this newsletter, we will explore the recent developments surrounding DeFi Technologies, its growth prospects, and the factors contributing to its "Buy" rating and an increased price target of ~$3.00.

Expanding Beyond Core Business

DeFi Technologies's strategic expansion beyond its core business in the digital asset exchange-traded product (ETP) space has been a key driver of its recent success. The company's ventures into proprietary trading through DeFi Alpha, its crypto arbitrage trading desk, and execution trading with the pending acquisition of Stillman Digital have significantly enhanced its revenue streams.

Uplisting to NASDAQ: A Game-Changer

One of the most anticipated developments for DeFi Technologies is the potential uplisting of its shares to NASDAQ. Currently trading on Cboe Canada and over-the-counter in the U.S. under the ticker DEFTF, an uplisting to NASDAQ would be a transformative move. This would increase market visibility, bolster credibility, and attract institutional investors, potentially leading to a substantial surge in DeFi Technologies's stock price.

Strong Financial Performance

DeFi Technologies's financial performance has been impressive, with a steep revenue trajectory fueled by the launch of DeFi Alpha in early April 2024. During the second quarter of 2024, DeFi Alpha contributed significantly to the company's revenue, generating approximately C$111.5 million out of the total C$133.2 million. Management's full-year revenue guidance of C$179 million further underscores the company's growth prospects.

Positive Developments and Future Outlook

Several positive developments have contributed to DeFi Technologies's optimistic outlook. The company recently received an initial distribution of 95 bitcoins, valued at approximately C$7.7 million, from Genesis Global Capital's estate as part of the bankruptcy process. Additionally, the anticipated expansion of DeFi Alpha's strategic focus and the potential accretive impact of the Stillman Digital acquisition are expected to drive further growth.

Raising Target Price

Based on DeFi Technologies's strong performance and future potential, Benchmark has reiterated its "Buy" rating on the stock and raised the price target to C$4.00. This price target is based on a multiple of 11x the company's FY25E diluted earnings per share of C$0.35, plus the per-share value of its venture portfolio investments.

Furthermore, If you think BTC will double in value over the rest of the year) DeFi could trade at close to $50/share by the end of 2024 instead of its current price.

Risks to Consider

While DeFi Technologies presents a compelling investment opportunity, being aware of potential risks is essential. These include the inherent volatility of the cryptocurrency market, regulatory challenges, changing investor sentiment that could impact ETP flows, and liquidity risk.

Conclusion

DeFi Technologies's strategic expansion, strong financial performance, and the potential uplisting to NASDAQ position it as an attractive investment opportunity in the financial technology sector. However, investors should carefully consider the associated risks before making investment decisions.

Disclaimer

This newsletter is for informational purposes only and should not be considered financial advice. Please conduct your research and consult with a financial advisor before making any investment decisions.

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Remember, investing is a journey, not a sprint. While August and September may present challenges, they're also rife with opportunities for those willing to do their homework. Keep your eyes on the horizon, stay informed, and never stop learning.

Watch Charles Payne discovering Defi from Eric Jackson

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The Investing Wise Academy Team

Disclaimer: This newsletter is for informational purposes only and should not be considered financial advice. Please consult with a financial advisor before making any investment decisions.