Crypto Firms Invest in Strategy's Perpetual Preferred Stock

Anchorage Digital, Prevalon Energy, and OranjeBTC have collectively invested in the perpetual preferred stock of Strategy, known as Stretch (STRC). According to NS3.AI, this stock provides a variable annual dividend rate of 11.25% and includes mechanisms to maintain its share price near $100 through monthly rate adjustments. This investment underscores the interest of crypto-focused companies in alternative financial instruments that offer stable income.