DeFi Technologies Launches CoreFi Strategy

Fintech firm DeFi Technologies announced the upcoming launch of CoreFi Strategy, a public company aimed at providing investors access to Core, a notable bitcoin staking and decentralized finance (BTCfi) blockchain.

Set to debut in the first quarter of 2025 on a Canadian stock exchange, CoreFi Strategy is inspired by the investment strategies of companies like MicroStrategy and MetaPlanet, offering a pathway to bitcoin yields through exposure to both BTC and CORE, the native asset of the Core blockchain.

CoreFi Strategy's Approach

CoreFi Strategy will:
– Accumulate BTC and CORE.
– Leverage financing strategies to build its treasury.
– Provide regulated exposure to BTCfi.

Olivier Roussy Newton, CEO of DeFi Technologies, emphasized that this launch represents a unique opportunity to engage in the BTCfi space: “We believe CoreFi Strategy can offer investors a way to capture value in the bitcoin staking ecosystem, similar to how MicroStrategy unlocked bitcoin exposure for traditional markets.”

Like MicroStrategy and MetaPlanet's models, CoreFi Strategy will acquire and hold CORE assets while employing smart leverage. MicroStrategy and MetaPlanet's stocks have surged over 500% in the past year, far surpassing bitcoin's 150% return. CoreFi Strategy intends to replicate this success by giving investors exposure to CORE's yield generation.

Core's Metrics

Currently, Core has over 8,200 staked bitcoin and a total value locked (TVL) of over $700 million. The recent Dual Staking integration allows bitcoin stakers with CORE tokens to achieve enhanced staking yields.

DeFi Technologies trades on CBOE:DEFI in Canada and over-the-counter in the U.S., reporting CA$837 million in assets under management (AUM) as of July 31. Recently, Benchmark analyst Mark Palmer maintained a “buy” rating, anticipating AUM growth due to new ETP launches and crypto token appreciation.

The Tokyo-listed MetaPlanet added $10.4 million in bitcoin, increasing its total to 1,018.17 BTC (~$68.8 million) as of Oct. 28. Meanwhile, MicroStrategy acquired approximately 27,200 bitcoin for about $2.03 billion, holding approximately 279,420 bitcoin with an aggregate purchase price of $11.9 billion as of Nov. 11.