Key Takeaways
- CoreFi Strategy provides regulated, leveraged exposure to Bitcoin and BTCfi through the Core blockchain.
- Following the paths of MicroStrategy and MetaPlanet, CoreFi Strategy aims to amplify returns by accumulating Bitcoin and CORE assets.
Share this article
DeFi Technologies has announced CoreFi Strategy, a new publicly traded company offering regulated access to Core’s BTCfi ecosystem.
Following a model inspired by MicroStrategy and Metaplanet, CoreFi Strategy aims to enhance Bitcoin yields by leveraging CORE, the native token of the Core blockchain.
The firm is scheduled to list on a Canadian exchange in early 2025. Its primary focus will be on accumulating Bitcoin and CORE assets to amplify returns.
Similar to MicroStrategy’s accumulation strategy, CoreFi Strategy plans to dual-stake CORE and Bitcoin, using advanced financing techniques to expand its treasury.
“CoreFi Strategy offers a unique chance to capitalize on the BTCfi revolution and Core’s growth,” said Olivier Roussy Newton, CEO of DeFi Technologies. “Investors can now participate in Core’s rapid adoption as a yield-bearing BTCfi protocol, much like MicroStrategy did for early Bitcoin exposure.”
The Core blockchain has accumulated over 8,200 staked Bitcoin and maintains approximately 75% of Bitcoin mining hash power securing its ecosystem.
The platform has reached $700 million in total value locked (TVL) and processes over 310 million total transactions.
Earlier this year, DeFi Technologies’ subsidiary Valour Inc. launched the first yield-bearing Bitcoin ETP using Core’s Non-Custodial Bitcoin Staking product, offering investors 5.6% yield on their Bitcoin.
The company also introduced a CORE ETP available to German investors on Börse Frankfurt.
CoreFi Strategy seeks to replicate the impressive performance seen in companies that have adopted Bitcoin as a core strategy.
MicroStrategy’s stock surged 632% last year, outperforming Bitcoin by 3x, while MetaPlanet soared 920%, surpassing Bitcoin’s gains by nearly 7x.
Share this article