Anchorage Digital, the first federally chartered U.S. crypto bank, has added perpetual preferred stock in bitcoin treasury firm Strategy to its balance sheet. CEO Nathan McCauley described the move as "conviction compounding," highlighting the strategic alignment between firms operationalizing Bitcoin infrastructure and treasury strategies.
This investment underscores growing institutional commitment to Bitcoin, even amid market volatility. Strategy, the world's largest publicly listed Bitcoin holder, manages a significant portfolio of 717,722 BTC. The firm's perpetual preferred stock, STRC, offers investors an 11.25% annual dividend, paid monthly and adjusted to maintain stability around its $100 par value.
San Francisco-based Anchorage Digital provides custody, trading, staking, and stablecoin services to institutional clients. The firm is also developing U.S.-compliant stablecoin solutions for international banks to facilitate cross-border asset movement.