Anchorage Digital, the first crypto company to obtain a US banking charter, said Wednesday that it has perpetual preferred shares in bitcoin treasury company Strategy on its balance sheet.
Anchorage CEO Nathan McCauley called it a “blending of convictions.”
“Institutions are not just talking about Bitcoin, they are structuring themselves around it. When the company that put the Bitcoin infrastructure in place puts capital alongside the company that put the Bitcoin treasury strategy in place… that’s a signal,” McCauley said on X.
Saylor responded by saying that “conviction is contagious,” hinting at the possibility that other companies will soon follow Anchorage’s lead and buy Strategy’s yield-generating preferred stock.
The Anchorage investment is a capital vote for the bitcoin treasury playbook popularized by Michael Saylor Strategy. The flexibility also highlights the deepening of ties among bitcoin’s institutional faithful, even as prices falter. Strategy is the world’s largest publicly traded bitcoin holder, with a coin stash of 717,722 BTC, worth $46.64 million.
Strategy’s perpetual preferred stock, Short Duration High Yield Credit (STRC), ranks higher than common stocks like MSTR while offering investors consistent returns with no expiration date.
Launched in mid-2025, STRC pays annual dividends of 11.25% to its holders. This is paid monthly in cash, and your rate adjusts each month to keep trading stable around the face value of $100.
San Francisco-based Anchorage Digital, the first federally chartered U.S. cryptobank, offers custody, trading, staking, and stablecoin services to institutions. The company is establishing US-compatible stablecoin rails for international banks, offering faster movement of assets across borders.
