Anchorage Digital, the first crypto company to obtain a U.S. banking charter, said Wednesday that it holds perpetual preferred stock in treasury company Bitcoin Strategy on its balance sheet.
Anchorage CEO Nathan McCauley called it a “compounded conviction.”
“Institutions don’t just talk about Bitcoin, they structure themselves around it. When the company that operationalizes the Bitcoin infrastructure puts capital alongside the company that operationalized the Bitcoin treasury strategy… 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 by purchasing Strategy’s yield-generating preferred shares.
Anchorage’s investment is a momentous vote for the Bitcoin cash playbook popularized by Michael Saylor’s strategy. This trend also highlights the deepening ties among Bitcoin’s institutional loyalists, even as prices falter. Strategy is the largest publicly traded bitcoin holder in the world, with a coin supply 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 providing investors with stable returns with no expiration date.
Launched in mid-2025, STRC pays annual dividends of 11.25% to holders. This is paid monthly in cash, with the rate adjusted each month to keep trading stable around the nominal value of $100.
San Francisco-based Anchorage Digital, the first federally chartered U.S. crypto bank, offers custody, trading, staking and stablecoin services to institutions. The company is building US-compliant stablecoin rails for international banks, providing faster movement of assets across borders.
