Anchorage Digital buys Strategy preferred stock

Crypto bank Anchorage Digital has purchased Strategy preferred stock (STRC), CoinDesk reported. STRC is structured to provide dividend income without a maturity date and has a higher repayment priority than common stock. Anchorage Digital CEO Nathan McCauley said that institutions are now moving beyond discussing Bitcoin to reorganizing their capital structures around the asset. He added that the investment of capital by a Bitcoin infrastructure company like Anchorage into a treasury strategy firm like Strategy is a significant signal in itself.