MicroStrategy STRC Gains Favor, Anchorage Included in Holdings, Fidelity and Other Institutions Shift to "Digital Credit"

As the digital asset market enters a mature institutionalization phase, the demand for financial products with “stable returns” and “low volatility” is increasing rapidly. Leading crypto bank Anchorage Digital recently announced that it has included MicroStrategy’s (Strategy) issued STRC perpetual preferred stock into its balance sheet. This move not only strengthens the deep connection between digital banking and corporate treasury strategies but also reveals the rise of “digital credit” tools among institutional investors.

Crypto Bank Anchorage Digital Holds MicroStrategy Preferred Stock STRC

Anchorage Digital announced that it holds STRC on its balance sheet. STRC, a perpetual preferred stock linked to Bitcoin reserves, is issued by MicroStrategy, the pioneer of Bitcoin reserve strategies. Its unique interest rate adjustment mechanism has successfully attracted institutional funds seeking stable returns while avoiding high volatility.

Nathan McCauley, co-founder and CEO of Anchorage Digital, stated that when a company responsible for operating Bitcoin infrastructure and another managing Bitcoin treasury strategies invest together, it signals that these companies will work hand in hand to build Bitcoin’s future.

The Core Mechanism of STRC: Perpetual Preferred Stock Linked to Bitcoin

STRC stands for “Series A Perpetual Stretch Preferred Stock,” a perpetual preferred stock issued by Strategy. Unlike directly holding Bitcoin or MSTR common stock, STRC is designed to maintain a value close to $100 per share and buffers market fluctuations through dynamic dividend rate adjustments. Currently, its annualized dividend yield is about 11.25%, paid monthly, backed by the company’s large Bitcoin reserves. This structure gives STRC bond-like fixed income features while allowing trading on regulated traditional exchanges.

(Bitcoin Wheel Stuck? MicroStrategy Launches Preferred Stock STRC, Focused on High Dividends and Low Volatility)

Institutional Holdings of STRC: Diverse Options for Corporations

Besides Anchorage Digital, STRC has attracted participation from numerous traditional and crypto financial institutions. According to recent regulatory filings, well-known asset management firms such as Fidelity, Virtus InfraCap, and multiple funds under John Hancock hold STRC. Additionally, 21Shares recently launched an STRC-linked ETP product in Europe, further expanding access for retail and institutional investors. Moreover, Prevalon Energy, a battery energy storage system company spun off from Mitsubishi Electric, also holds STRC shares.

STRC Price Remains Around $100, Providing Stable Income

Strategy CEO Phong Le believes that STRC is a key component of the company’s capital structure. By issuing STRC to raise funds for Bitcoin accumulation, it also offers investors stable credit returns, creating a unique asset amplification effect. In the current Bitcoin market volatility, STRC’s stable performance has become a safe haven. However, investors should remain aware of its indirect correlation with Bitcoin prices.

This article “MicroStrategy STRC Gains Favor, Anchorage Included in Holdings, Fidelity and Others Shift to ‘Digital Credit’” first appeared on Chain News ABMedia.