DevvStream Deploys Crypto Treasury with Initial Bitcoin and Solana Purchases; Intends to Expand Credit Facility to $300M
CALGARY, Alberta — DevvStream Corp. (Nasdaq: DEVS) ('DevvStream' or the 'Company'), a leading carbon management firm specializing in the development, investment, and sale of environmental assets, today announced the initial deployment of its crypto treasury strategy with purchases of Bitcoin ($BTC) and Solana ($SOL), funded by a portion of the first (US)$10 million tranche of its (US)$300 million senior secured convertible notes facility with Helena Global Investment Opportunities 1 Ltd.
Article content
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.
Article content
In parallel, DevvStream announced its intention to increase its existing Equity Line of Credit (ELOC) to (US)$300 million, 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.
Article content
'Deploying our treasury strategy with Bitcoin and Solana marks a critical step in connecting carbon markets to the digital economy,' said Sunny Trinh, CEO of DevvStream. 'Combined with the planned expansion of our credit facility, we believe we are strengthening our balance sheet and positioning DevvStream to execute on tokenizing high-value environmental assets at scale.'
Article content
About DevvStream
Article content
Founded in 2021, DevvStream is a leading carbon management firm specializing in the development, investment, and sale of environmental assets, energy transition, and innovative carbon management solutions. The Company's mission is to create alignment between sustainability and profitability, helping organizations achieve their climate initiatives while directly improving their financial health.
Article content
With a diverse approach to energy transition and carbon markets, DevvStream operates across three strategic domains: (1) an offset portfolio consisting of nature-based, tech-based, and carbon sequestration credits for immediate sale to corporations and governments seeking to offset their most difficult-to-reduce emissions; (2) project investment, acquisitions, and industry consolidation to extend the company's reach, allowing it to become a full end-to-end solutions provider; and (3) project development, where the company serves as project manager for eligible activities such as EV charging or renewable energy generation in exchange for a percentage of generated credits or I-RECs.
Article content
Cautionary Note Regarding Forward-Looking Statements
Article content
Certain statements in this news release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and generally relate to future events, trends or DevvStream's future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as 'may', 'should', 'expect', 'intend', 'will', 'estimate', 'anticipate', 'believe', 'predict', 'potential' or 'continue', or the negatives of these terms or variations of them or similar terminology. These forward-looking statements include statements regarding DevvStream's intentions, beliefs, projections, outlook, analyses and current expectations concerning, its crypto treasury strategy and its ability to further draw down on its senior secured convertible notes facility (of which there can be no assurances), all of which are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Such risks, uncertainties and factors include, but are not limited to the risks set forth in the Company's most recent Form 10-K, 10-Q, 8-K and other SEC filings which are available through EDGAR at WWW.SEC.GOV. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by DevvStream and its management are inherently uncertain and subject to material change. Given these risks, uncertainties, and other factors, you should not place undue reliance on these forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties.
Article content
These forward-looking statements are expressed in good faith, and DevvStream believes there is a reasonable basis for them. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and DevvStream is under no obligation, and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in filings made by, or to be made by, DevvStream from time to time with the SEC and with the Canadian securities regulatory authorities.
Article content
This news release is not an offer to sell or the solicitation of an offer to buy, any securities of DevvStream and this news release is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in DevvStream. All subsequent written and oral forward-looking statements concerning DevvStream or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.
Article content
Article content
Article content
Article content
Article content
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
National Post
41 minutes ago
- National Post
Air Canada flight attendants organize national action to protest working conditions
Article content On Monday, August 11 th, Air Canada flight attendants, represented by the Canadian Union of Public Employees (CUPE), will hold a simultaneous action at airports in Montreal, Toronto, Vancouver, and Calgary, to raise awareness among Canadians about ongoing issues related to their working conditions. Flight attendants are asking Air Canada to recognize the key elements of the negotiation, including non-working hours and poverty wages that are no longer consistent with the economic reality of 2025. Article content This mobilization aims to remind the public that flight attendants play a crucial role in aircraft safety, in addition to providing quality service and ensuring the smooth operation of flights across the country. Article content 'We're heading into an intense weekend of bargaining, with strong support from our members. The standard simply can't be maintained, because it's no longer acceptable,' says Wesley Lesosky, president of the Air Canada component of CUPE. Article content Event details Article content When: Article content Monday, August 11, 2025 Article content : Article content Article content Article content Article content Article content Contacts Article content Media relations Article content Article content Hugh Pouliot Article content Article content Article content hpouliot@ Article content Article content 613-818-0067 Article content Article content Article content
CTV News
an hour ago
- CTV News
Unionized workers at Titan Tool to be locked out Monday says Local 195 president
A protest is taking place at Titan Tool and Die in Windsor, Ont., seen on March 31, 2025. (Michelle Maluske/CTV News Windsor) Unionized workers at Titan Tool & Die Limited in Windsor will be locked out starting Monday Aug. 11, according to Unifor Local 195 president Emile Nabbout. The two sides have been in talks for a new collective agreement. The current agreement expired on July 31. Nabbout previously told AM800 News that negotiations were not heading in a positive direction . Nabbout said the union was informed by the employer on Friday that workers would be locked out beginning Monday and negotiations have stopped. 'At this time, the company has locked us out unless they get some concessions from us. They basically locked out our members and no longer want our service, so we will have people picketing no different than the normal strike activity we perform in any other workplace,' Nabbout said. Nabbout said his members are angry about being locked out. 'The company has disrepected the work they have done for them. They work hard and they made sure that this company survive when they needed us to step to plate, and now our members need this company to step up to the plate and protect the work we do,' he said. In March, the company attempted to remove some equipment from the Howard Avenue facility to the United States. At that time, unionized workers at the plant spent a day blocking a transport truck from taking equipment out of the facility . Nabbout said the employer was not being truthful when they used the tariff threat as the reasoning. Nabbout said the union would not accept concessions but would be open to other discussions with the employer. 'Normally we don't ask an employer to do a closure, but we have given them breaks in the last 12 years, and they have never invested in this facility, they have invested elsewhere,' Nabbout said. 'They have a purchase facility in Michigan on the backs of our members for giving them breaks, and if the company wants to do a closure agreement, we will entertain the closure agreement instead of rolling back on all the gains we made over the years.' Nabbout said he and his members will be on the picket line first thing Monday morning. AM800 News has left a message with the company for a response on the situation but did not hear back at time of publication. - Written by AM800's Dustin Coffman and Robert Hindi
CTV News
an hour ago
- CTV News
Landlord says Ruby Liu's plan defies commercial common sense
Several of Canada's most prominent real estate companies are slamming an attempt from a B.C. billionaire to take over 25 former Hudson's Bay leases, saying her plan for their spaces 'defies commercial common sense' and is 'entirely unrealistic.'
