Anchorage Digital Acquires Strategy’s STRC Stock Amid MSTR Decline
- Anchorage Digital, the first federally chartered crypto bank in the U.S., has added Strategy perpetual preferred stock (STRC) to its balance sheet.
- STRC offers an annual dividend of 11.25%, paid monthly, with no expiration date for investors.
- Michael Saylor, executive chairman of Strategy, noted that “conviction is contagious,” suggesting other firms may follow Anchorage’s lead.
- MSTR stock is currently the most shorted U.S. stock, with short bets at approximately 14% of its $34 billion market cap.
- Coinbase stock ranks fourth among heavily shorted stocks at around 11% of its market cap.
The acquisition of STRC by Anchorage highlights a strategic shift towards yield-generating assets as MSTR faces significant short interest and unrealized losses estimated at $9 billion.
With STRC now part of Anchorage’s portfolio, the crypto bank positions itself to benefit from regular dividend income while MSTR struggles under bearish sentiment and high shorting activity.
