DeFi Technologies CEO cites weak crypto markets, capital raise as key drivers of share decline

He said the balance sheet was at about $150 million at the end of Q1, the company was profitable and effectively zero debt, and pointed to record revenue and net income in 2025.

DeFi Technologies CEO Johan Wattenström addressed the share-price slide, citing a weak crypto market, rotation out of crypto equities, and capital-raise technical pressure.

He flagged near-term launches for a first hedge fund, expanded arbitrage in the second half, and said Valour Custody was targeted for the second half.

He outlined EU regulatory setbacks on a crypto UCITS structure in Sweden, said the company is pursuing an appeal while building a UCITS platform elsewhere in the EU, and kept a reverse split as a contingency for Nasdaq compliance. He said there is no plan to execute unless needed, citing 73% shareholder support for the option.