Shares of DeFi Technologies fell 6.23% on Friday, settling at $0.88, as renewed legal concerns weighed on the stock. The decline followed a wave of notices from multiple law firms alerting investors to a January 30, 2026 deadline to appoint a lead plaintiff in a pending class-action lawsuit. Allegations center on misleading statements concerning “DeFi Alpha” and the competitive landscape.
Investors who purchased DeFi Technologies stock between May 12, 2025, and November 14, 2025 were alerted that they may petition the court to serve as lead plaintiffs by January 30, 2026, with notices issued by firms including Pomerantz LLP, The Portnoy Law Firm, and Glancy Prongay & Murray LLP. These actions accompany a consolidated complaint alleging the company made materially false statements about its business operations, specifically regarding delays to the “DeFi Alpha” arbitrage strategy and the degree of competition in digital asset treasuries. This wave of notices has refocused market attention on the negative narrative, potentially contributing to the defensive investor posture observed on Friday.
The issues stem from the Q3 2025 results released on November 13, 2025, which showed a nearly 20% revenue decline and a substantial miss relative to market expectations. Management cut full-year 2025 revenue guidance from $218.6 million to about $116.6 million, citing delays to DeFi Alpha arbitrage opportunities, greater competition, and a higher correlation in digital asset prices. The November reaction was sharp, with the stock shedding over 27% in the following trading days, and at $0.88 the shares remain well below the 52-week high of $4.95, down roughly 72% over the past year. The near-term focus is the January 30, 2026 deadline for lead plaintiffs, with expectations that progress at the subsidiary Valour could shift the narrative away from legal risk.
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