On September 26, 2025, DeFi Technologies closed a $100 million registered direct offering, with Galaxy Digital acting as cornerstone investor. The offering raised 45,662,101 common shares and warrants to purchase up to 34,246,577 additional shares, at a combined price of $2.19 per share and three‑quarters of a warrant.
The warrants carry an exercise price of $2.63 per share, representing a 120% premium to the offering price, and are exercisable immediately upon issuance, expiring three years from issuance. Gross proceeds to DeFi Technologies were $100 million before placement agent fees and other expenses.
Galaxy Digital's participation underscores its continued support for DeFi infrastructure, aligning with its strategy to deepen institutional engagement in decentralized finance. The financing will be used by DeFi Technologies to expand its ETP offerings, pursue further digital asset trading, lending, and staking, and fund potential acquisition opportunities.
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