Anchorage Digital has revealed it holds Strategy’s Nasdaq-listed perpetual preferred security, STRC, on its balance sheet — signaling fresh institutional backing for Strategy, the firm led by Michael Saylor. In a post on X, Anchorage CEO Nathan McCauley said the move reflects deep alignment between two companies focused on Bitcoin infrastructure and corporate treasury adoption, calling it a sign that institutions are not just discussing Bitcoin — but structuring around it.

STRC is marketed as a short-duration, high-yield instrument offering an 11.25% annual dividend paid monthly in cash. Capital raised through the security has historically helped finance Strategy’s aggressive Bitcoin accumulation strategy. While Anchorage did not disclose the size of its position, the announcement adds notable institutional credibility at a time when market sentiment around Strategy is increasingly divided.