<\/p>\n
Crypto bank Anchorage Digital said it holds Strategy\u2019s perpetual preferred security STRC on its balance sheet, adding an institutional backer to Michael Saylor\u2019s Bitcoin treasury company at a time when Wall Street traders are increasingly betting against it.<\/p>\n
In a Wednesday post<\/a> on X, Anchorage co-founder and CEO Nathan McCauley said the purchase shows alignment between two companies built around Bitcoin (BTC<\/a>) infrastructure and corporate treasury adoption. \u201cConviction compounds. Institutions don\u2019t just talk about Bitcoin, they structure around it,\u201d McCauley wrote.<\/p>\n \u201cWhen the company that operationalizes Bitcoin infrastructure puts capital alongside the company that operationalized the Bitcoin treasury strategy\u2026that\u2019s a signal,\u201d he added. Anchorage did not reveal the size or timing of the position.<\/p>\n According to Strategy\u2019s website<\/a>, STRC is a Nasdaq-listed perpetual preferred security marketed as a short-duration, high-yield instrument. The shares pay an 11.25% annual dividend distributed monthly in cash. Capital raised through the instrument has historically financed the company\u2019s continued Bitcoin accumulation.<\/p>\n Related: <\/strong><\/em>Michael Saylor says quantum threat to Bitcoin is more than 10 years away<\/strong><\/em><\/a><\/p>\n Anchorage\u2019s purchase comes as Strategy has climbed<\/a> to the top of Goldman Sachs\u2019 list of most-shorted large-cap US equities by short interest as a percentage of market capitalization. A year ago, it did not rank among the top 50. The company began rising on the list in late 2025 as its share price weakened even before Bitcoin peaked in October.<\/p>\n Short selling involves<\/a> borrowing shares and selling them with the expectation of repurchasing later at a lower price. Losses can increase if the stock rises.<\/p>\n Strategy functions as a leveraged public-equity proxy for Bitcoin. It issues securities and deploys the proceeds into BTC. Gains can amplify during rallies, while downturns magnify pressure on the share price.<\/p>\n The company currently holds<\/a> 717,722 Bitcoin worth about $46.68 billion at current market prices. On Monday, it announced another purchase, acquiring 592 BTC<\/a> for $39.8 million. The coins were acquired at an average cost of about $76,020, leaving the company sitting on an estimated $7 billion unrealized loss with Bitcoin trading near $66,000.<\/p>\n Related: <\/strong><\/em>Michael Saylor hints at Strategy\u2019s 100th Bitcoin buy<\/strong><\/em><\/a><\/p>\n Last week, Strategy founder Michael Saylor said the company intends to convert roughly $6 billion<\/a> in convertible bond debt into equity, replacing repayment obligations with newly issued shares. The change would lower leverage on the balance sheet by turning bondholders into shareholders, though it could dilute existing investors.<\/p>\n <\/p>\n Strategy added that its Bitcoin treasury would still cover its liabilities even in an extreme downturn. According to the company, Bitcoin would need to fall close to $8,000, about an 88% drop, before its holdings and debt reached parity.<\/p>\n Magazine: <\/strong><\/em>Bitcoin may take 7 years to upgrade to post-quantum \u2014 BIP-360 co-author<\/strong><\/em><\/a><\/p>\n <\/div>\n Crypto bank Anchorage Digital said it holds Strategy\u2019s perpetual preferred security STRC on its balance sheet, adding an institutional backer to Michael Saylor\u2019s Bitcoin treasury company at a time when Wall Street traders are increasingly betting against it. In a Wednesday post on X, Anchorage co-founder and CEO Nathan McCauley said the purchase shows alignment […]<\/p>\n","protected":false},"author":2,"featured_media":420656,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-420655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/420655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=420655"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/420655\/revisions"}],"predecessor-version":[{"id":420657,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/420655\/revisions\/420657"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/420656"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=420655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=420655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=420655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Strategy becomes Wall Street\u2019s most-shorted stock<\/h2>\n
Strategy plans debt-to-equity shift<\/h2>\n