Anchorage Digital, the federally chartered US crypto bank, has signaled growing institutional conviction in Bitcoin by revealing that it holds perpetual preferred stock issued by Strategy on its balance sheet.
Anchorage Digital supports Strategy’s Bitcoin game with STRC bet
CEO Nathan McCauley touted the move as a significant alignment between the company that is “operationalizing Bitcoin infrastructure” and the company that has become synonymous with enterprise Bitcoin accumulation.
McCauley posted on social platform
STRC is a Nasdaq-listed perpetual preferred security that pays an attractive annual dividend, approximately 11.25% before expenses, and is closely linked to Strategy’s Bitcoin cash strategy.
Strategy, led by Executive Chairman Michael Saylor, has been aggressively expanding its Bitcoin holdings through regular equity-funded purchases and preferred stock offerings. The company recently marked its 100th Bitcoin acquisition, adding another 592 BTC and bringing its total to over 717,000 coins, or about 3% of all Bitcoin in circulation.
McCauley’s message was welcomed by Saylor himself, who echoed the sentiment that “belief is contagious,” offering a rare glimpse into how significant institutional players are positioning themselves around Bitcoin beyond simple custodial services or trading exposure.
Anchorage Digital declined to disclose the size or timing of its holdings, but McCauley described the move as more than symbolic, suggesting that when a regulated crypto bank puts capital alongside the world’s largest corporate Bitcoin holder, it demonstrates confidence in Bitcoin’s long-term relevance.
The bank’s move follows a $100 million equity investment from stablecoin issuer Tether and comes ahead of Anchorage’s planned IPO.