DeFi Technologies Launches CoreFi Strategy for Enhanced Bitcoin Investment
DeFi Technologies Inc, a Canadian firm specializing in exchange-traded products (ETPs), has announced the upcoming launch of its CoreFi Strategy. This investment option aims to provide unique exposure to Bitcoin #BTC.
The CoreFi Strategy is scheduled to debut on a Canadian stock exchange by March 2025. It will employ innovative cryptocurrency investment techniques inspired by the successes of companies like MicroStrategy Inc (NASDAQ: MSTR) and Metaplanet. The strategy will adopt a high-risk approach focused on growth while ensuring regulated access to Bitcoin and digital assets.
The Bitcoin Boom Push from the CoreFi Strategy
This strategy offers investors a regulated method for higher-risk exposure to Bitcoin, distinguishing it from traditional investment options. CoreFi will primarily focus on accumulating Bitcoin and the CORE token, which is native to the Core Blockchain.
Investors can benefit from Bitcoin's potential while also participating in the growth of the CORE token. The CoreFi Strategy will leverage various financial methods to grow its treasury, managing BTC and CORE to capitalize on price fluctuations for enhanced returns. Additionally, it will facilitate regulated access to Bitcoin and Decentralized Finance (BTCFi).
CoreFi allows direct investments in BTCFi through conventional financial platforms.
Recently, DeFi Technologies launched its Core Chain validator node, enabling the company to act as an independent validator for the network. This role enhances the security and efficiency of the Core blockchain, as the company validates transactions and protects against cyber threats.
DeFi Technologies will also engage in consensus activities, voting on proposals and updates to support network development. CEO Olivier Roussy Newton stated that deploying validator nodes reflects the company's commitment to the DeFi sector.
MicroStrategy Inspires More Global Companies
The success of MicroStrategy’s Bitcoin strategy has prompted other companies globally to pursue similar paths.
For example, Japan’s Metaplanet Inc adopted the Bitcoin strategy, leading to a stock increase of over 500% year-to-date. As reported, Metaplanet raised over $67 million through a recent stock sale to bolster its investment approach.
MicroStrategy's performance has also influenced major tech firms, such as Microsoft Corporation (NASDAQ: MSFT), which is reconsidering its investment strategy. Shareholders will vote in December on adopting a Bitcoin strategy, demonstrating the growing recognition of Bitcoin as a reliable long-term investment.