Overview
- Anchorage Digital said it holds STRC on its balance sheet but declined to disclose the size or timing of the position.
- Prevalon Energy’s CFO said the company added STRC to its treasury to support capital preservation, liquidity, and disciplined long‑term financial management.
- STRC is a variable‑rate perpetual preferred that pays an 11.25% annual dividend via monthly distributions and is designed to trade near a $100 par with seniority over common shares.
- Both disclosures were made during the “Bitcoin for Corporations” track at Strategy World in Las Vegas, signaling broader institutional alignment around the instrument.
- Strategy remains the largest publicly listed corporate bitcoin holder with more than 717,000 BTC, and Anchorage’s move follows a $100 million investment from Tether and reported preparations for a potential IPO.