Solana News Update: DevvStream Invests in SOL Despite $11.8M Deficit, Shows Strong Confidence in Sustainable Blockchain Prospects
- DevvStream Corp. (DEVS) disclosed holding 12,185 SOL and 22.229 BTC, staking SOL for 6.29% annualized yield amid a $11.8M fiscal 2025 loss. - The company launched a digital asset treasury via BitGo/FRNT Financial, securing $10M liquidity from a $300M convertible note facility. - Plans include a 2026 tokenization platform for carbon credits and Solana staking, aligning with its de-SPAC/Nasdaq listing strategy. - Despite crypto market outflows, DevvStream's staked SOL attracted inflows, contrasting broader
Canadian-listed company
The company’s digital asset treasury, which is securely held at BitGo and developed in partnership with FRNT Financial, is part of a larger initiative to use blockchain in environmental markets
This strategic direction is in line with the company’s recent de-SPAC process and Nasdaq debut, establishing it as a public company focused on monetizing carbon and renewable energy assets
Although the cryptocurrency sector saw significant outflows last week, with
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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