DeFi Technologies(NASDAQ: DEFT) is a technology company dedicated to helping traditional investors identify and invest in a diversified portfolio of digital assets in the decentralized finance and Web3 sectors.
According to The Block, three Wall Street firms—Benchmark, TD Cowen, and Mizuho—maintained “Buy” ratings on four crypto-related companies—Bitdeer, DeFi Technologies, Strive, and Gemini—on Monday, noting that the market continues to value these platforms, which have pivoted toward AI infrastructure, capital markets tools, and structured financial products, using trading-business valuation multiples. Benchmark analysts reiterated their “Buy” rating on Bitdeer and $27 price target, highlighting its global power asset portfolio of approximately 3.0 GW and the growth of its AI cloud business’s annual recurring revenue—from roughly $10 million at the end of January to approximately $69 million by the end of April. TD Cowen raised its price target for Strive to $30, forecasting a 26.1% Bitcoin yield for the company in 2026. Mizuho maintained its “Outperform” rating on Gemini but lowered its price target from $12 to $10, noting that although Q1 trading volume declined by over 50%, trading revenue remained largely flat—reflecting higher fee rates and an optimized revenue mix.
According to PR Newswire, Valour, a subsidiary of DeFi Technologies, has secured approximately USD 11 million in institutional investment to purchase its Hedera (HBAR)-related ETP products—around USD 10 million for the product listed on the Frankfurt Stock Exchange and approximately USD 1 million for Valour Hedera SEK, listed on Sweden’s Spotlight Exchange. DeFi Technologies stated that both transactions were facilitated by its Abu Dhabi workshop, reflecting growing institutional demand for regulated, exchange-traded products providing exposure to Hedera and supporting the growth of its assets under management in the German market.