Key Points
- DeFi Technologies has launched CoreFi Strategy Corp, a public company offering Bitcoin-focused decentralized finance exposure.
- The company plans to provide regulated, leveraged Bitcoin investments and is expected to list on a Canadian stock exchange in 2025.
DeFi Technologies has recently launched CoreFi Strategy Corp, a company that will be publicly traded.
The main aim of this company is to give investors exposure to decentralized finance (DeFi) with a focus on Bitcoin through the Core blockchain.
Inspiration and Strategy
This initiative was inspired by companies such as MicroStrategy.
CoreFi Strategy’s goal is to offer regulated, leveraged investments in Bitcoin with the potential for increased returns.
The company’s listing on a Canadian stock exchange is projected for early 2025.
Bitcoin Exposure and Staking
CoreFi Strategy’s ambition is to provide a new avenue for investors to gain exposure to the Core blockchain and Bitcoin staking.
The Core blockchain, also known as BTCfi, provides DeFi opportunities specifically for Bitcoin, allowing participants to earn yields on their holdings.
CoreFi Strategy’s method involves acquiring and staking Bitcoin and CORE, the native asset of Core, which can boost returns for investors who might otherwise hold Bitcoin without a yield.
This strategy is inspired by MicroStrategy and MetaPlanet, two companies that have seen substantial gains from heavy Bitcoin investment.
MicroStrategy, for instance, has outperformed Bitcoin’s price increases by leveraging its holdings, resulting in a stock that reflects not only the value of Bitcoin but also its potential for further appreciation.
MetaPlanet has also leveraged its Bitcoin holdings to achieve higher returns. CoreFi Strategy aims to replicate this model for BTCfi.
CoreFi Strategy plans to dual-stake Bitcoin and CORE, meaning it will hold and invest in both assets simultaneously.
The Core blockchain has a staking system that allows Bitcoin holders who also stake CORE to earn additional Bitcoin yields.
This results in a compounded effect for returns, as investors benefit from both Bitcoin price movements and the staking yields that Core offers.