DeFi Technologies subsidiary Valour saw a net inflow of $10.4 million in August, a record high for the year

DeFi Technologies released its monthly corporate update, reporting that its subsidiary Valour had $661 million CAD (487 million USD) in assets under management as of August 30, up 30% for the fiscal year. Despite the decline in assets under management due to price factors, August net inflows still set a record for the highest monthly net inflows in 2024, reaching $14.1 million CAD (10.4 million USD). As of August 31, 2024, the company is in a strong financial position, with a cash balance of approximately $26.2 million CAD (19.4 million USD) and current loans payable of approximately $17.5 million CAD (13 million USD). In addition, the company has purchased and held 204.3 BTC and has diversified its inventory assets to include 21.3 ETH, 246,683 ADA, 64,616 DOT, 5,345 SOL, 490 UNI, 433,322 AVAX and 2,515,203 CORE, totaling approximately 33.9 million Canadian dollars (25.1 million U.S. dollars). (PR Newswire)