US Castle Offers Automatic Bitcoin Conversion of Strategy Preferred Stock Dividends

โดย CoinPost·US·Read original
Summary · why it matters

US Castle has announced a new feature that allows individual account holders to receive dividends on Strategy's preferred stock "STRC" in any desired proportion of cash and bitcoin. The entire dividend can be taken in cash or bitcoin, and once set, the preference automatically applies to future dividends. Strategy pays the dividend in cash, and Castle executes the bitcoin purchase on behalf of the holder based on the settings. STRC is a floating-rate preferred stock with a par value of $100, and the annual dividend rate for entitlement dates after September 2026 is 12%, but it is subject to monthly adjustments and is not a guaranteed yield. Following shareholder approval in June, Strategy now pays dividends twice a month, and Castle is automating execution in line with this cycle.

Impact on assets 1

Digital Finance & Tokenization▲ · 1 stocks
MicroStrategy Incorporated
MSTR
▲ PositiveCapitalrelevance

Castle's new feature lets STRC holders auto-convert Strategy's preferred-stock dividends into bitcoin, boosting the appeal of Strategy's preferred offering.

Theme Impact 1

Off-coverage companies 1

CastlePrivate▲ Positive
Demandrelevance

Castle launches an automated bitcoin-conversion dividend feature for Strategy's STRC preferred stock, a new product offering for its account holders.

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