Anchorage Digital, the first cryptocurrency company to receive a U.S. banking license, said Wednesday it holds a perpetual preferred stock stake in Bitcoin finance company Strategy on its balance sheet.
Anchorage CEO Nathan McCauley calls it a “compounding of beliefs.”
“Institutions don’t just talk about Bitcoin, they build around it. When companies that operate Bitcoin infrastructure put capital into the mix alongside companies that operate Bitcoin treasury strategies… that’s a signal,” McCauley said on X.
Thaler responded that “belief is contagious,” suggesting that other companies may soon follow Anchorage’s lead in buying Strategy’s revenue-generating preferred shares.
Anchorage’s investment is a capital vote for the Bitcoin Vault strategy popularized by Michael Saylor Strategies. This flexibility also highlights the deepening ties among Bitcoin’s institutional loyalists, even as prices fluctuate. Strategy is the world’s largest publicly listed Bitcoin holder, with 717,722 Bitcoins worth $46.64 million.
Strategy’s Perpetual Preferred Short-Term High Yield Credit (STRC) ranks higher than common stocks such as MSTR while providing investors with stable income with no maturity date.
Launched in mid-2025, STRC pays holders an annual dividend of 11.25%. The fee is paid monthly in cash, and its rate is adjusted monthly to keep the transaction steady around the $100 face value.
San Francisco-based Anchorage Digital is the first federally chartered cryptocurrency bank in the United States, providing custody, trading, staking and stablecoin services to institutions. The company is building a U.S.-compliant stablecoin rail for international banks to provide faster cross-border movement of assets.
