Why Is DeFi Technologies Stock Gaining Wednesday?

DeFi Technologies Inc. (NASDAQ: DEFT) shares rose 24.71% to $0.68 following the announcement of strong fiscal 2025 results, which included record revenue of $99.1 million and net income of $62.7 million, marking a 215% increase in annual revenue year-over-year. The company reported a total cash and asset value of approximately $178.7 million at year-end, reflecting improved financial strength. Additionally, DeFi Technologies appointed Jacob Lindberg as chief revenue officer of its asset management division, Valour, to drive expansion in the Nordic region and Europe.