A new class of crypto treasury companies is forming around Strategy’s high-yield stock

What Happened

Strategy's STRC security, issued by the largest publicly traded bitcoin holder, offers 11.5% annualized dividends paid monthly. The stock achieved record $1.6 billion trading volume Tuesday. Companies and DeFi protocols accumulate STRC for bitcoin exposure and yield. Saturn Credit acquired $15 million STRC within six days. Tokenized STRC totals nearly $200 million on Ethereum. STRC fell below $100 par value Wednesday, halting new share issuance.

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