Strategy, the software and bitcoin investment company, has announced that Prevalon Energy and Anchorage Digital have both allocated portions of their corporate treasuries to STRC, its Variable Rate Series A Perpetual Stretch Preferred Stock, a fixed-income instrument linked to Strategy's bitcoin treasury operations.
The disclosures were made during the "Bitcoin for Corporations" track at Strategy World in Las Vegas.
STRC carries an 11.25% annual dividend distributed monthly, according to Strategy chief executive Phong Le, who described it as the company's flagship digital credit instrument designed to offer stable price dynamics.
Prevalon Energy, an energy company, said the decision followed an evaluation of treasury alternatives, with the instrument selected for its alignment with the company's goals around capital preservation, liquidity and long-term financial management.
Benjamin Hunnewell, chief financial officer of Prevalon Energy, said the move reflected the company's focus on maintaining a strong and flexible balance sheet as it scales globally.
Anchorage Digital, a regulated cryptocurrency custody and financial services firm, also disclosed that it holds STRC on its balance sheet.
Nathan McCauley, co-founder and chief executive of Anchorage Digital, said institutions adopt bitcoin exposure through structure and disciplined capital management rather than conviction alone, and that holding STRC aligned the company's capital with an established institutional framework.
Manuel Andreani, head of prime sales at Anchorage Digital, confirmed the holding at the conference.
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Strategy said each company completed its evaluation independently through its own management and board processes.
The company noted the announcement is for informational purposes only, does not constitute an offer to sell securities or investment advice, and that companies and investors should consult their own financial and legal advisers.
The recap
- Prevalon Energy and Anchorage Digital allocated STRC to treasuries.
- STRC carries an 11.25% annual dividend, paid monthly.
- Strategy said the release is informational; consult financial advisors.
