Key takeaways
- The CoreFi strategy provides regulated and optimized exposure to Bitcoin and BTCfi via the Core blockchain.
- Following the paths of MicroStrategy and MetaPlanet, CoreFi Strategy aims to amplify returns by accumulating Bitcoin and CORE assets.
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DeFi Technologies 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 improve Bitcoin returns by leveraging CORE, the native token of the Core blockchain.
The company is expected 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 double down on CORE and Bitcoin, using advanced financing techniques to increase its treasury.
“CoreFi Strategy offers a unique chance to capitalize on the BTCfi revolution and the growth of Core,” said Olivier Roussy Newton, CEO of DeFi Technologies. “Investors can now participate in the rapid adoption of Core as a yield-bearing BTCfi protocol, just as MicroStrategy did for early exposure to Bitcoin.”
The Core blockchain has accumulated over 8,200 staked Bitcoins 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 transactions in total.
Earlier this year, Valor Inc., a subsidiary of DeFi Technologies, launched the first yield-producing Bitcoin ETP using Core’s Non-Custodial Bitcoin Staking product, providing investors with a 5.6% yield on their Bitcoin.
The company also introduced a CORE ETP accessible to German investors on the Börse Frankfurt.
CoreFi Strategy seeks to replicate the impressive performance seen in companies that have adopted Bitcoin as their core strategy.
MicroStrategy stock surged 632% last year, outperforming Bitcoin by 3x, while MetaPlanet soared 920%, outpacing Bitcoin’s gains by nearly 7x.
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