DeFi Technologies Has Three Months to Stop the Bleeding — Nasdaq Listing Hangs in the Balance

Shares close at €0.48, 50% below $1 bid threshold. Nasdaq gives until Sep 1, 2026. Q1 profit plunged to $4.9M from $30M, but firm remains profitable with improved working capital.

The clock is ticking for DeFi Technologies. Its shares closed at €0.48 on Friday, more than 50% below the $1.00 minimum bid price required by Nasdaq, and the exchange has given the company until September 1, 2026 to trade above that threshold for ten consecutive sessions. With a 30-day loss of 27% and a year-to-date decline of 35%, the window for a recovery is shrinking fast.

The warning was triggered on March 4 after the stock spent 30 straight days below the minimum. Since then, the slide has only accelerated. From the 52-week high of €3.00 set in June 2025, the shares have now lost nearly 84% of their value. The annual general meeting on June 29 is expected to provide shareholders with a clearer picture of the remediation plan.

All of this comes despite a flurry of institutional outreach. On June 4, DeFi Technologies hosted its Capital Markets Series at Canada House in London, in partnership with the Canada-UK Chamber of Commerce, targeting institutional investors and asset managers. The event builds on a broader collaboration with the OMFIF Digital Monetary Institute, which runs through the end of 2027. The DVIO Index — a rule-based benchmark tracking the 50 largest digital assets on the Valour platform by assets under management — has been embedded as a data point in the OMFIF network, which distributes its reports to central banks, regulators and asset managers globally. A Nordic Forum is scheduled for August.

Operationally, the company is still profitable. First-quarter revenue came in at 11.2 million Canadian dollars (or US$11.2 million in the secondary report — both figures refer to the same period), with net profit of 4.9 million CAD (or US$4.9 million). That marks a sharp drop from the prior year’s Q1 net profit of 30 million, driven largely by the absence of valuation gains on digital assets amid volatile crypto markets. Revenue fell from 43.8 million a year earlier.

Valour, the ETP arm, managed an average of US$533.6 million in assets during the quarter, down from US$789 million in the same period of 2025. Stillman Digital, the OTC trading unit, grew 38% year over year. By the end of the quarter, the company held roughly US$103.4 million in cash and stablecoins, plus US$23.5 million in digital treasury assets. Working capital swung from negative US$5.1 million at the end of 2025 to positive US$47.3 million.

The asset picture has improved modestly since March. Valour’s AUM has crept back above US$550 million, and net inflows in April reached US$14.6 million — the second-highest monthly total in the past twelve months. Management is targeting a monetization rate of 4.5% for the full year and betting on expansion in Brazil and Europe.

On the charts, the stock remains under severe pressure. The 50-day moving average sits at €0.60, roughly 20% above the current price. The relative strength index of 32.1 points to oversold territory, but so far that signal has not triggered a meaningful rebound. The key support level to watch is €0.42, the recent low. Whether the institutional relationships forged in London and the improving April flows can translate into sustained AUM growth will determine if that support holds — and whether the Nasdaq listing can be saved in time.