DevvStream Soars 12.41% on $300M Convertible Notes

On July 22, 2025, DevvStream's stock surged by 12.41% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

DevvStream has successfully raised $300 million through convertible notes, aiming to tokenize carbon assets using blockchain technology. This strategic move is designed to enhance liquidity and democratize green investing. The company has already completed an initial funding of $10 million, with the remainder to be funded in multiple tranches. This initiative aligns with DevvStream's broader goal of expanding investor access to tokenized sustainability infrastructure and exploring the tokenization of its existing environmental asset portfolio.

The funds raised will be used to purchase liquid digital assets that offer 24/7 liquidity and serve as non-correlated stores of value. This program complements DevvStream's core business of developing, acquiring, and monetizing environmental assets. The company is also exploring the tokenization of its existing environmental asset portfolio, which is expected to generate multiple revenue streams, including staking yields, while reducing reliance on equity financing through crypto-backed credit options.

DevvStream's CEO, Sunny Trinh, highlighted that this $300 million facility will improve capital efficiency, reduce dilution, and bring global investors into the carbon ecosystem through a digital gateway. The combination of crypto reserves and real-world asset tokenization represents the next evolution of the company's capital strategy.