DeFi Technologies has unveiled CoreFi Strategy Corp, a publicly traded company intended to provide investors with exposure to Bitcoin-focused decentralized finance through the Core blockchain.
The move was inspired by companies like MicroStrategy, according to a press release shared with crypto.news.
The 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 planned for early 2025.
Bitcoin Exposure
The CoreFi strategy seeks to open a new avenue 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, allowing participants to earn returns on their holdings. CoreFi Strategy’s approach combines the acquisition and staking of Bitcoin and CORE (CORE), Core’s native asset, which can improve returns for investors who might otherwise hold Bitcoin without yield.
The strategy draws inspiration from MicroStrategy and MetaPlanet, two companies that made significant gains by investing heavily in Bitcoin.
MicroStrategy, for example, has outperformed Bitcoin’s price increases by leveraging its holdings, creating a stock that not only reflects Bitcoin’s value but also its potential for further appreciation.
MetaPlanet also capitalized on its Bitcoin holdings with leveraged strategies, achieving even higher returns. CoreFi Strategy aims to replicate this model for BTCfi.
In practical terms, CoreFi Strategy intends to double down on 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 on CORE to earn additional Bitcoin returns.
This creates a compounding effect on returns as investors benefit from both Bitcoin price movements and the staking returns offered by Core.
