crypto.news
DeFi Technologies has unveiled CoreFi Strategy Corp, a publicly traded company set to offer investors exposure to Bitcoin-focused decentralized finance through the Core blockchain.
This move was inspired by companies like MicroStrategy, per a press release shared with crypto.news.
CoreFi Strategy aims to provide regulated, leveraged Bitcoin (BTC) investments with the potential for amplified returns.
The company’s listing on a Canadian stock exchange is expected in early 2025.
Exposure to Bitcoin
CoreFi Strategy seeks to open up a new path for investors to gain exposure to the Core blockchain and Bitcoin staking.
The Core blockchain, also known as BTCfi, offers DeFi opportunities specifically for Bitcoin, enabling participants to earn yields on their holdings. CoreFi Strategy’s approach combines acquiring and staking Bitcoin and CORE (CORE), Core’s native asset, which can enhance returns for investors who might otherwise hold Bitcoin without a yield.
The strategy is modeled after MicroStrategy and MetaPlanet, two companies that have achieved significant gains by investing heavily in Bitcoin.
MicroStrategy, for example, has outperformed Bitcoin’s own price increases by leveraging its holdings, creating a stock that reflects not only Bitcoin’s value but its potential for further appreciation.
MetaPlanet has also capitalized on its Bitcoin holdings with leveraged strategies, achieving even greater returns. CoreFi Strategy aims to replicate this model for BTCfi.
In practical terms, CoreFi Strategy intends to dual-stake Bitcoin and CORE, meaning it will simultaneously hold and invest in both assets. Core’s blockchain has a staking system that allows Bitcoin holders who also stake CORE to earn additional Bitcoin yields.
This creates a compounded effect for returns, as investors gain both from Bitcoin price movements and from the staking yields Core offers.