Anchorage Digital’s BTC-Focused STRC Purchase
Anchorage Digital announced that it has added STRC, the Nasdaq-listed perpetual preferred security of Strategy—the company built on Michael Saylor’s Bitcoin (BTC) treasury strategy—to its balance sheet. Anchorage CEO Nathan McCauley stated that this move demonstrates the alignment between the two companies focused on BTC infrastructure and corporate treasury adoption. The purchase amount or timing was not disclosed. STRC is marketed as a short-term high-yield instrument that pays an annual dividend of 11.25% distributed monthly in cash and finances Strategy’s BTC purchases. This strategy aligns with Saylor’s approach of basing BTC purchases on common shares while marketing preferred shares.
Strategy becomes the most shorted large-cap stock. Source: Goldman Sachs
This development coincides with Strategy topping Goldman Sachs’ list of the most shorted large-cap US stocks by market capitalization. The company currently holds 717.722 BTC, valued at approximately 46.68 billion dollars; on Monday, it bought an additional 592 BTC for 39.8 million dollars. It also plans to convert approximately 6 billion dollars in convertible bond debt into shares, which would reduce balance sheet leverage while potentially diluting existing investors. Strategy states that even if BTC falls to 8,000 dollars, its treasury can cover its debts.
BTC Technical Analysis and Support Levels
BTC price at 65.549,80 USD level, up +3,62% in 24 hours. RSI 35,70 (Oversold), overall trend bearish. Strong supports: S1 64.278 USD (78/100 score), S2 60.000 USD. Resistances: R1 69.028 USD, R2 65.876 USD. For detailed review, visit our BTC detailed analysis and BTC futures pages.
Goldman Sachs BTC Crash Warning
Goldman Sachs CEO issues critical BTC price crash warning, predicting severe liquidations. In this environment, Strategy’s BTC treasury continues to grow despite short pressure; similarly, Turkish Net Holding ranks 74th among corporates with 352 BTC.
Source: https://en.coinotag.com/anchorage-digital-strategy-adds-strc-to-its-balance-sheet
