U.K. Investors Gain Access to Strategy STRC Shares

TLDR 21Shares listed the Strategy Yield ETN on the London Stock Exchange to expand access for U.K. investors. The ETN provides exposure to Strategy’s Series A perpetual preferred stock known as STRC shares. The product offers an 11.50% annual yield and pays distributions monthly in cash. 21Shares applies no management fee to the Strategy Yield ETN. Strategy holds 818,334 BTC valued at nearly $67 billion based on recent figures. 21Shares has listed the Strategy Yield ETN on the London Stock Exchange, offering U.K. investors exposure to Strategy’s preferred stock. The exchange-traded note tracks Strategy’s Series A perpetual preferred shares and delivers an 11.50% annual yield paid monthly in cash. The product marks 21Shares’ first U.K. vehicle tied directly to Strategy’s Bitcoin-backed securities. STRC Shares Offer Yield Linked to Bitcoin Holdings 21Shares structured the ETN to provide exchange-traded access to Stretch, Strategy’s variable rate Series A perpetual preferred stock. The underlying STRC shares provide yield exposure supported by Strategy’s large Bitcoin holdings. The ETN currently offers an 11.50% annual yield, and it pays distributions monthly in cash. The company reviews the distribution rate each month to support price stability and align with market conditions. The structure includes a floor tied to short-term interest rates to protect yield levels. 21Shares charges no management fee on the ETN, which creates a fee-free structure for U.K. investors. 21Shares President Duncan Moir described the launch as a milestone for the domestic market. He said, “We are introducing an easy-to-access investment product that combines high income potential with a familiar exchange-traded structure.” He added that the product gives U.K. investors access to a strategy that was not previously available in an ETN format. Strategy President and CEO Phong Le also addressed the launch in a statement. He said, “STRC is an innovation in the capital markets that provides th...