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…
DeFi Technologies has introduced CoreFi Strategy Corp, a publicly listed business that will use the Core blockchain to expose investors to decentralized finance with an emphasis on Bitcoin.
According to a press statement provided to Crypto. News, and businesses such as MicroStrategy served as inspiration for this action.
The goal of CoreFi Strategy is to offer leveraged, regulated Bitcoin investments with a 0.75% chance of increased profits.
Early in 2025 is when the firm is anticipated to list on the Canadian stock market.
Exposure to Bitcoin
The goal of the CoreFi Strategy is to give investors a new way to learn about the Core blockchain and Bitcoin staking.
Participants can earn returns on their holdings by taking advantage of DeFi possibilities tailored for Bitcoin on the Core blockchain, sometimes referred to as BTCfi. In order to increase profits for investors who may otherwise keep Bitcoin without a yield, CoreFi Strategy combines the acquisition and staking of Bitcoin with CORE Core core -1.8% Core, Core’s native asset.
The approach is based on MicroStrategy and MetaPlanet, two businesses that have made substantial profits from their substantial Bitcoin investments.
By leveraging its holdings, MicroStrategy, for instance, has surpassed Bitcoin’s own price gains and produced a stock that represents both the cryptocurrency’s current worth and its potential for future growth.
MetaPlanet has achieved even higher profits by using leveraged tactics to profit from its Bitcoin holdings. CoreFi Strategy aims to replicate this model for BTCfi.
Practically speaking, CoreFi Strategy plans to dual-stake Bitcoin and CORE, which means it will own and invest in both assets at the same time. Bitcoin holders who additionally stake CORE can receive more Bitcoin returns thanks to the staking mechanism in Core’s blockchain.
As a result, investors benefit from both changes in the price of Bitcoin and the staking rewards that Core provides, compounding their earnings.