DeFi Technologies launches publicly-traded CoreFi Strategy

CoreFi Strategy Unveils Bitcoin-Focused DeFi Opportunities Through Core Blockchain

DeFi Technologies introduces CoreFi Strategy Corp, a publicly traded company providing investors with access to Bitcoin-oriented decentralized finance via the Core blockchain. This initiative is inspired by companies such as MicroStrategy, according to a press release shared with crypto.news.

CoreFi Strategy aims to offer regulated, leveraged Bitcoin (BTC) investments, potentially leading to amplified returns. The company anticipates listing on a Canadian stock exchange in early 2025.

Exposure to Bitcoin

CoreFi Strategy seeks to provide a gateway for investors to engage with the Core blockchain and Bitcoin staking. The Core blockchain, known as BTCfi, offers DeFi opportunities tailored specifically for Bitcoin, enabling users to generate yields from their holdings. CoreFi Strategy's approach combines acquiring and staking Bitcoin and CORE (CORE), Core's native asset, which can augment returns for investors who might otherwise hold Bitcoin without earning yield.

The strategy draws inspiration from MicroStrategy and MetaPlanet, companies that have realized substantial gains by investing heavily in Bitcoin. MicroStrategy, for instance, has outperformed Bitcoin's price increases by leveraging its holdings, thereby creating a stock that mirrors not only Bitcoin's value but also its potential for further appreciation. MetaPlanet has also capitalized on its Bitcoin holdings through leveraged strategies, achieving even more impressive returns. CoreFi Strategy intends to emulate this model for BTCfi.

Dual-Staking Approach

In practice, CoreFi Strategy plans to engage in dual-staking, simultaneously holding and investing in Bitcoin and CORE. Core's blockchain features a staking system that allows Bitcoin holders who also stake CORE to receive additional Bitcoin yields. This creates a compounding effect for returns, as investors benefit from both Bitcoin price fluctuations and the staking rewards offered by Core.