TL;DR:
- Anchorage Digital confirmed it holds STRC perpetual preferred shares from Strategy on its balance sheet, according to an announcement by its CEO.
- The position targets the 11.25% annual dividend paid by the STRC instrument, offering Bitcoin exposure with a focus on yield.
- Michael Saylor responded to the announcement with the phrase “conviction is contagious.”
Anchorage Digital, the regulated crypto bank in the United States, officially confirmed that it holds perpetual preferred shares STRC from Strategy on its balance sheet. The disclosure came from Nathan McCauley, CEO of the firm, who published the news and described it as a strategic alignment between the sector’s largest digital asset treasury and its critical banking infrastructure.
McCauley described the move as a signal of the direction the industry will take. “When the company that operationalizes Bitcoin infrastructure puts capital alongside the company that operationalized the Bitcoin treasury strategy… that’s a signal,” he wrote on his account.
STRC is a perpetual fixed-income instrument listed on Nasdaq, designed to pay an annual cash dividend of 11.25%. By holding this instrument, Anchorage receives a considerable yield while indirectly financing Strategy’s Bitcoin acquisition engine. The proceeds generated by STRC issuances have historically been directed toward the direct purchase of BTC by Strategy, which currently holds approximately 717,722 Bitcoins valued at roughly $47 billion.
Anchorage Highlights the Divide in Corporate Bitcoin Strategies
A diverging pattern is emerging among corporations in their approach to crypto assets. While some mining companies liquidated their positions to cover operating costs, Anchorage and Strategy are doubling down on their long-term bet on Bitcoin.
Michael Saylor, executive chairman of Strategy, responded to the announcement with the phrase “conviction is contagious.” Hours later, it was revealed that Prevalon Energy, a subsidiary of Mitsubishi Power Americas, also declared holding STRC on its balance sheet.
On another front, Anchorage recently closed a $100 million investment from Tether, which values the firm at approximately $4.2 billion. Allocating a portion of that balance to high-yield instruments tied to Bitcoin suggests that a shift from traditional custody toward active treasury management is taking shape.
Until Anchorage discloses the exact size of the position, the market interprets the announcement solely as a qualitative vote of confidence.
