The post DeFi Technologies launches CoreFi, a MicroStrategy-inspired model for leveraged Bitcoin gains appeared on BitcoinEthereumNews.com.

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. Source: https://cryptobriefing.com/corefi-btcfi-leveraged-bitcoin-gains/

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Filed under: News - @ November 14, 2024 11:22 am