Anchorage Digital Solidifies Long-Term Commitment to Bitcoin

Anchorage Digital, a regulated crypto bank in the United States, has made a significant investment in perpetual preferred shares from Strategy. According to an announcement by Nathan McCauley, CEO of Anchorage Digital, the company holds these shares on its balance sheet.

The STRC instrument offers investors exposure to Bitcoin with a focus on yield, paying out 11.25% annual dividends. By holding this position, Anchorage is indirectly financing Strategy's Bitcoin acquisition engine, which currently holds around 717,722 Bitcoins valued at approximately $47 billion.

This move underscores the growing trend of companies allocating significant portions of their balance sheets to high-yield instruments tied to Bitcoin. Other corporations are also taking similar steps, with Prevalon Energy revealing it too holds STRC on its balance sheet.