Anchorage Digital Bolsters Bitcoin Strategy with Investment in Strategy’s STRC

United States-based crypto bank, Anchorage Digital, has expanded its cryptocurrency strategy by acquiring a stake in Strategy’s perpetual preferred stock (STRC), a move demonstrating the growing institutional interest in Bitcoin. Anchorage’s acquisition aligns it with Strategy, a firm led by Michael Saylor that has made a substantial impact in the crypto space with its aggressive Bitcoin acquisitions, totaling over 717,000 BTC to date. The investment by Anchorage follows a significant $100 million funding by Tether and sets the stage for the crypto bank's anticipated Initial Public Offering (IPO). Nathan McCauley, CEO of Anchorage, highlighted the strategic investment as a mark of the company’s strong belief in Bitcoin’s infrastructure and future potential. Strategy’s STRC, trading on Nasdaq, offers a substantial annual dividend and is integral to the company’s ongoing Bitcoin treasury endeavors. Michael Saylor, supporting the conviction shared by Anchorage, views such strategic investments as evidence of the growing confidence among institutional players in Bitcoin’s enduring value.