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DevvStream deploys Crypto Assets strategy to purchase BTC and SOL, planning to expand equity credit limit to 300 million USD.
[Coin World] On August 1, it was reported that carbon management company DevvStream Corp. (Nasdaq: DEVS) announced the initial deployment of its Crypto Assets financing strategy through the purchase of Bitcoin and Solana, with the funds coming from the first $10 million of its $300 million priority guaranteed convertible note financing agreement with Helena Global Investment Opportunities 1 Ltd. At the same time, DevvStream announced plans to increase its existing equity credit line (ELOC) to $300 million, subject to board and Helena approval. This expansion will provide the company with greater flexibility to scale its operations and financial strategy, as well as accelerate investments in digital and environmental infrastructure.