The purchase was funded through the company’s earlier $300 million secured convertible notes issuance, earmarked for crypto and related investments.
Founded in 2021, DevvStream specializes in supplying carbon credits to businesses engaged in renewable energy, energy efficiency, and forest conservation projects. By adding crypto to its balance sheet, it joins a growing list of public companies using digital assets as part of their treasury strategy—a play popularized by firms like MicroStrategy with Bitcoin.
The company described Bitcoin as a “liquid, low-correlation store of value” and positioned Solana as a high-speed blockchain that aligns with its long-term vision for tokenizing sustainability markets.
In addition to the initial investment, DevvStream is in talks with Helena Global Investment Opportunities to expand its $300 million equity credit line, with the extra funding intended for further cryptocurrency purchases and accelerated investment in both digital infrastructure and environmental projects.
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