/C O R R E C T I O N -- DeFi Technologies Inc./

Executive Summary

• DeFi Technologies’ subsidiary, Valour, reported Assets Under Management (AUM) of US$974 million as of August 29, 2025, representing a 2.85% month-over-month increase.
• The company reported US$91.7 million in year-to-date net inflows, with US$1.3 million in net inflows recorded specifically for August 2025.
• DeFi Technologies launched a Normal Course Issuer Bid (NCIB) to repurchase up to 10% of its public float (31,673,791 shares), with 80,000 shares purchased in the first week of the program.

Key Details

• AUM Performance: Valour reported US$974 million in AUM as of August 29, 2025, a 2.85% increase from the previous month.
• Net Inflows: August net inflows totaled US$1.3 million. Year-to-date (YTD) net inflows reached US$91.7 million.
• Top Performing ETPs (August Inflows):
  • VALOUR SUI SEK: $2,644,184
  • VALOUR LINK SEK: $829,958
  • VALOUR SEI SEK: $759,806
  • VALOUR BTC SEK: $618,129
  • VALOUR ADA SEK: $599,291
• Top ETPs by AUM (as of Aug 29, 2025):
  • VALOUR SOL: US$315,402,464
  • VALOUR BTC: US$268,900,204
  • VALOUR ETH: US$94,686,518
  • VALOUR XRP: US$59,072,627
  • VALOUR ADA: US$57,100,298
  • VALOUR SUI: US$53,671,704
  • VALOUR HBAR: US$16,814,783
  • VALOUR AVAX: US$16,281,669
  • VALOUR DOT: US$11,674,662
• NCIB Details:
  • Launched August 22, 2025; commenced August 26, 2025.
  • Repurchases up to 10% of public float (31,673,791 shares).
  • Purchases made via open-market on Nasdaq, Cboe Canada, and other Canadian ATSs.
  • Program runs through August 26, 2026.
  • 80,000 shares purchased in the first week.
  • Ventum Financial Corp. appointed to coordinate the program.
• Insider Purchases: CEO, President, CFO, and Directors purchased common shares in the open market in August 2025.
• Institutional Ownership: Reported 102 institutional shareholders holding ~35 million shares as of June 30, 2025. Notable holders include VanEck, Marshall Wace, Two Sigma, Goldman Sachs, UBS, JPMorgan, Morgan Stanley, Swiss National Bank, Barclays, Fidelity, Schwab, Invesco, Rathbones, and BMO.
• Financial Position (as of June 30, 2025):
  • Consolidated Cash Balance: ~US$26.4 million.
  • Digital Asset Treasury Holdings: ~US$26 million.
  • Total Cash and Digital Asset Treasury: US$52.4 million.
• DeFi Alpha Strategy: Generated C$155.9 million (US$114.1 million) in total revenue since Q2 2024 launch. Includes a one-time arbitrage trade on May 5, 2025, yielding C$23.8 million (US$17.3 million).
• Strategic Developments:
  • Stillman Digital: Approved by Bermuda Monetary Authority to offer foreign exchange under its DABA license.
  • TenX Protocols: DeFi Advisory secured a second mandate with TenX Protocols, including trading via Stillman Digital and research via Reflexivity Research. TenX recently raised C$30 million.
  • Checker Corp Partnership: Strategic partnership announced to unlock global liquidity for stablecoins.
  • New ETP Launches: Valour launched eight new SEK-denominated ETPs on Sweden's Spotlight Stock Market, including Shiba Inu (SHIB), Pi (PI), Ondo (ONDO), Cronos (CRO), Mantle (MNT), VeChain (VET), Ethena (ENA), and Celestia (TIA). Each carries a 1.9% management fee.
• Upcoming Events:
  • H.C. Wainwright 27th Annual Global Investment Conference: Sept 8-10, NYC.
  • DeFi Insights Symposium: September 25, Frankfurt.
  • Cantor Crypto, AI/Energy Infrastructure Conference: Nov 10-12, Miami.
  • Benchmark 14th Annual Discovery One-on-One Investor Conference: December 4, NYC.
  • Northland Virtual Growth Conference: December 16, Virtual.

Notable Quotes

• Management initiated the NCIB citing undervaluation and reported ~US$19.8M in cash at announcement.
• These figures highlight growing investor demand for Valour's ETP offerings.
• This sustained momentum reflects growing investor confidence and reinforces the appeal of Valour's diverse product lineup.