DeFi Technologies Launches CoreFi Strategy: A MicroStrategy-Inspired Approach for Amplifying Bitcoin Returns with CORE
Rhea-AI Summary
DeFi Technologies announces the launch of CoreFi Strategy, a regulated investment approach modeled after MicroStrategy, focusing on Bitcoin yield and CORE token holdings. The strategy leverages Core blockchain's Non-Custodial Staking and Dual Staking capabilities, with over 8,200 staked Bitcoin and ~75% of Bitcoin mining hash power supporting its ecosystem. Valour, a DeFi Technologies subsidiary, has already launched the first yield-bearing BTC ETP offering 5.65% yield, and a CORE ETP available on Börse Frankfurt. The Core ecosystem boasts $700M in TVL, 1M+ weekly active wallets, and 310M+ total transactions.
Positive
- First-mover advantage in regulated BTCfi exposure through CoreFi Strategy
- Existing yield-bearing BTC ETP generating 5.65% yield
- Core blockchain's strong metrics: $700M TVL, 1M+ weekly active wallets, 310M+ transactions
- 8,200+ staked Bitcoin and 75% Bitcoin mining hash power supporting the ecosystem
Negative
- None.
News Market Reaction
On the day this news was published, DEFTF gained 0.97%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
- DeFi Technologies Launches CoreFi Strategy: Modeled after successful companies like MicroStrategy, CoreFi Strategy offers a leveraged, regulated approach to Bitcoin yield and CORE, Core blockchain's native asset, providing investors high-beta exposure to Bitcoin and BTCfi.
- Core Blockchain's Key Role in BTC Staking: Core blockchain, aligned with Bitcoin, integrates Non-Custodial Staking and Dual Staking with significant Bitcoin mining support, fostering sustainable Bitcoin yields and increased utility within a high-upside Bitcoin ecosystem.
CoreFi Strategy (www.corefistrategy.com/) will focus on BTCfi, one of the fastest-growing sectors and largest opportunities in crypto. Like MicroStrategy and Metaplanet's accumulation of Bitcoin, CoreFi Strategy will dual stake and hold CORE and BTC, while using innovative financing strategies to increase its treasury holdings. This approach offers capital market participants regulated access to BTCfi and the potential for higher beta Bitcoin returns.
A New Path to BTCfi Exposure
Earlier this year, Valour Inc., a subsidiary of DeFi Technologies ("Valour") and a leading issuer of exchange traded products ("ETPs"), launched the first yield-bearing BTC ETP, which uses Core's Non-Custodial Bitcoin Staking product to return investors
Core is the most Bitcoin-aligned blockchain with over 8,200 staked Bitcoin and ~
"CoreFi Strategy represents a unique opportunity to capitalize on the BTCfi revolution by providing direct exposure to Core's growth," said Olivier Roussy Newton, CEO of DeFi Technologies. "Investors will have the chance to participate in the rapid adoption of Core as a yield-bearing BTCfi protocol, similar to how MicroStrategy unlocked early Bitcoin exposure for Wall Street."
Maximizing CORE Holdings
Similar to MicroStrategy and MetaPlanet's focus on BTC, CoreFi Strategy will actively acquire and hold CORE assets, using smart leverage to maximize potential gains. MicroStrategy's stock has historically traded at a premium, often outperforming Bitcoin by 1.5x-2.5x, due to the company's position as a pure-play Bitcoin investment vehicle. In the last year, MicroStrategy has risen
CoreFi Strategy aims to capture this momentum by enabling investors to participate in CORE's yield generation, Non-Custodial Bitcoin Staking, and Dual Staking model, which aligns incentives between Bitcoin and Core. As BTCfi grows, CoreFi Strategy positions itself as the key vehicle for accessing this emerging sector within a regulated public market.
About Core
Core is the Proof of Stake (PoS) layer for Bitcoin, enabling Non-Custodial Bitcoin Staking and supporting an EVM-compatible BTCfi ecosystem. Since April 2024, over 8,200 BTC have been staked with Core, enhancing Bitcoin's utility and security. Core is the most Bitcoin-aligned EVM blockchain, with ~
About DeFi Technologies
DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF) is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem.
About Valour
Valour Inc. and Valour Digital Securities Limited (together, "Valour") issues exchange traded products ("ETPs") that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF).
Cautionary note regarding forward-looking information:
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the formation and development of CoreFi Strategy; the business strategy and plan of CoreFi Strategy; CoreFi Strategy's ability to generate cash flow and levels of such cash flow; investor interest and confidence in digital assets, in particular in Bitcoin; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the ability of CoreFi Strategy to execute on its business plan; the growth of the Bitcoin ecosystem; growth and development of decentralised finance and digital asset sector; rules and regulations with respect to decentralised finance and digital assets; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
THE CBOE
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SOURCE DeFi Technologies Inc.
FAQ
What is DeFi Technologies' CoreFi Strategy and how does it compare to MicroStrategy?
What is the current yield rate for DeFi Technologies' Bitcoin ETP?
How many staked Bitcoin does the Core blockchain currently support?
Where is DeFi Technologies' CORE ETP currently available for trading?
