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DeFi Technologies Finalizes Strategic Agreement to Boost Bitcoin Finance

DeFi Technologies Inc. has announced a binding letter of intent with CoreFi Strategy and Orinswift Ventures, securing a $20 million CORE token commitment from the Core Foundation. This commitment aims to bolster Bitcoin Finance (BTCfi) initiatives and facilitate a reverse takeover, listing shares on the Cboe Canada Stock Exchange.

The partnership involves a strategic collaboration where CoreFi will raise an additional $20 million to further develop in BTCfi. CoreFi offers a model inspired by MicroStrategy, integrating regulated and leveraged strategies for Bitcoin yield, utilizing the Core blockchain.

The Core blockchain enhances Bitcoin's capabilities, allowing staking and ensuring strong network security. Olivier Roussy Newton, CEO of DeFi Technologies, highlighted the partnership's role in pioneering BTCfi, stressing the opportunity for growth and new financial tools within the ecosystem.

R. H.

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