DevvStream announces initial bitcoin, solana purchases

DevvStream (DEVS) announced the initial deployment of its crypto treasury strategy with purchases of Bitcoin (BTC) and Solana (SOL), funded by a portion of the first $10M tranche of its $300M senior secured convertible notes facility with Helena Global Investment Opportunities 1. “These acquisitions represent the operational launch of DevvStream’s digital treasury strategy, designed to combine institutional-grade liquidity with blockchain infrastructure. The company believes Bitcoin provides a liquid, non-correlated store of value and that Solana’s high-throughput network supports the company’s long-term objectives in, and the industry’s move towards, sustainability-linked tokenization. In parallel, DevvStream announced its intention to increase its existing Equity Line of Credit to $300M, subject to Board approval and the approval of Helena. This expansion would provide additional flexibility to scale the company’s operational and treasury strategy and accelerate investment in digital and environmental infrastructure,” DevvStream stated.