21shares Launches Strategy Yield ETN on London Stock Exchange
- 21shares has introduced the Strategy Yield ETN (STRC) on the London Stock Exchange, targeting U.K. investors.
- The ETN offers an annual yield of 11.50%, paid monthly in cash with tax deferral benefits.
- Strategy holds approximately $67 billion worth of Bitcoin and has seen increased demand for its STRC shares in recent months.
- Strategy reported a $14.5 billion loss in Q1 due to declining Bitcoin value, surpassing a $14.4 billion loss from Q4.
- Despite losses, Strategy’s share price surged by nearly 44% recently as Bitcoin prices rebounded by about 18% over the last month.
The launch of the Strategy Yield ETN provides U.K. investors with access to preferred shares backed by substantial Bitcoin holdings, offering significant yield potential amidst fluctuating cryptocurrency values.
Strategy’s position as a leading corporate Bitcoin holder underscores its strategic commitment to cryptocurrency, despite facing substantial quarterly losses due to market volatility.(Source)
