DeFi Technologies launches CoreFi, a MicroStrategy-inspired model for leveraged Bitcoin gains
Key Takeaways
- CoreFi Strategy provides regulated, leveraged exposure to Bitcoin and BTCfi through the Core blockchain.
- Following the paths of MicroStrategy and MetaPlanet, CoreFi Strategy aims to amplify returns by accumulating Bitcoin and CORE assets.
DeFi Technologies has 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 enhance Bitcoin yields by leveraging CORE, the native token of the Core blockchain.
The firm is scheduled 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 dual-stake CORE and Bitcoin, using advanced financing techniques to expand its treasury.
“CoreFi Strategy offers a unique chance to capitalize on the BTCfi revolution and Core’s growth,” said Olivier Roussy Newton, CEO of DeFi Technologies. “Investors can now participate in Core’s rapid adoption as a yield-bearing BTCfi protocol, much like MicroStrategy did for early Bitcoin exposure.”
The Core blockchain has accumulated over 8,200 staked Bitcoin 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 total transactions.
Earlier this year, DeFi Technologies’ subsidiary Valour Inc. launched the first yield-bearing Bitcoin ETP using Core’s Non-Custodial Bitcoin Staking product, offering investors 5.6% yield on their Bitcoin.
The company also introduced a CORE ETP available to German investors on Börse Frankfurt.
CoreFi Strategy seeks to replicate the impressive performance seen in companies that have adopted Bitcoin as a core strategy.
MicroStrategy’s stock surged 632% last year, outperforming Bitcoin by 3x, while MetaPlanet soared 920%, surpassing Bitcoin’s gains by nearly 7x.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Vitalik releases Milady’s Chinese name “米莱迪”
Nintendo expands its SNES collection with Fatal Fury 2 and two more games
Share link:In this post: Nintendo Switch Online expands its SNES Switch Online basic collection with three new games. The Japanese gaming company added Fatal Fury 2, Super Ninja Boy, and Sutte Hakkun. Gamers can also get tiered access to other prolific retro game platforms through online subscriptions.
Ripple requests an extended due date of April 16 for its brief in SEC case
Share link:In this post: Ripple asked for an April 16, 2025, deadline to file its brief in the ongoing SEC case over XRP sales. The SEC appealed a 2023 court ruling that said XRP retail sales weren’t securities, claiming the decision was flawed. Ripple’s legal team dismissed the SEC’s arguments as weak, while Better Markets backed the regulator, calling Ripple’s marketing misleading.
MicroStrategy to redeem $1.05B in 2027 convertible notes with share settlements
Share link:In this post: MicroStrategy redeems $1.05B in 2027 convertible notes, offering investors the option to convert into shares before February 20. The company recently bought $1.1B in Bitcoin, fueling speculation it may use redeemed funds for additional crypto purchases. MicroStrategy faces potential tax challenges on unrealized crypto gains under the Inflation Reduction Act, though exemptions may be possible.
Trending news
MoreCrypto prices
More
