Anchorage Digital Invests in Strategy's Perpetual Preferred Security

Anchorage Digital, a leading crypto bank, has made a strategic investment in Strategy's perpetual preferred security STRC. This move is significant as it comes at a time when Strategy's share price has become the most-shorted large-cap US equity according to Goldman Sachs.

The perpetual preferred security STRC is listed on Nasdaq and offers high yields with an 11.25% annual dividend distributed monthly in cash. Capital raised through this instrument has historically been used to finance Strategy's continued Bitcoin accumulation, which currently stands at approximately $46.68 billion.

Anchorage CEO Nathan McCauley views this investment as a demonstration of alignment between institutions that use Bitcoin infrastructure and those that adopt corporate treasury strategies. He believes that conviction compounds when institutions structure around Bitcoin.