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Crypto

Castle launches service to automatically buy bitcoin with Strategy STRC preferred stock dividends

U.S. bitcoin management service provider Castle has introduced a function that automatically converts dividends from Strategy\'s STRC preferred shares into bitcoin. Users can receive dividends in cash, convert all of them into bitcoin, or split them at a chosen ratio. Strategy still pays STRC dividends in cash, and Castle executes bitcoin purchases based on user settings. Strategy said the annual dividend rate applied after September 2026 is 12 percent, reviewed monthly.

Crypto

Strategy halts bitcoin buying again, redeems $176.3 million of STRC

Strategy stopped buying bitcoin again a week after resuming purchases. It instead redeemed 1,810,885 shares of its STRC preferred stock for $176.3 million and doubled the limit for its digital credit securities repurchase programme to $2 billion from $1 billion. The company did not buy or sell bitcoin from Aug. 31 to Sept. 7 and kept holdings at 845,050 BTC. It said it has $5.1 billion in dollar reserves and $1.44 billion in cash.