Feb 25, 2026 (MarketLine via COMTEX) --
21Shares announced an ETP that provides exposure to a bitcoin-backed digital yield instrument via a preferred security issued by Strategy Inc.
21Shares AG, one of the world's leading issuers of cryptocurrency exchange-traded products (ETPs), today announced the launch of the 21shares Strategy Yield ETP (Ticker: STRC NA) on Euronext Amsterdam. The product will be available for trading on 26 February 2026.
STRC marks an important milestone for 21shares as the firm's first ETP providing exposure to an equity-related instrument. By offering exchange-traded access to a preferred security issued by Strategy Inc., a software company and the world's leading corporate holder of bitcoin, 21shares is expanding beyond direct token exposure while remaining firmly anchored in the digital asset ecosystem.
The underlying asset, STRC – the Variable Rate Series A Perpetual Stretch Preferred Stock issued by Strategy Inc. – offers investors yield-enhanced exposure linked to Strategy's bitcoin-centric reserve policy.
STRC provides a high income stream, generated through variable distributions that have been paid consistently since issuance. Strategy has established a bitcoin and USD reserve with distribution coverage of 50+ years. The distribution rate is reviewed monthly and includes a floor linked to short-term interest rates, helping keep yield aligned with market conditions.
Strategy Inc. holds over 700,000 bitcoin as of early 2026, representing approximately 3% of total bitcoin supply. As the largest corporate bitcoin holder globally, Strategy provides a uniquely positioned balance sheet within the digital asset ecosystem. Through the 21shares Strategy Yield, investors gain structured exposure to this bitcoin-backed digital yield via a preferred security that ranks senior to common equity in the capital structure.
STRC has been structured by Strategy to trade close to its USD 100 par value, with regular distribution adjustments intended to support price stability. While not immune to credit, liquidity, or broader market risks, preferred securities have historically exhibited lower volatility than common equity or cryptocurrencies.
"The 21shares Strategy Yield ETP reflects 21shares' commitment to innovation and ambition to lead as our first ETP linked to an equity-related instrument," said Duncan Moir, President at 21shares. "Since our inception, we have focused on providing straightforward access to digital assets. With this product, we are extending that expertise into equity-linked exposure tied to the bitcoin ecosystem. By combining high income potential with a familiar exchange traded structure, STRC offers both institutional and retail investors an efficient and accessible way to add yield to their portfolios."
"STRC is an innovation in the capital markets that provides the upside of a bitcoin-backed security, with the stability of a traditional credit product," said Phong Le, President and CEO of Strategy. "It currently offers 11.25% yield1, paid monthly in cash, tax deferred. Through 21shares' exchange-traded product, we're expanding access for European investors to a new capital model – one that didn't exist five years ago and one we believe will help shape the next fifty."
The 21shares Strategy Yield ETP provides exchange-traded access to STRC through a listed product structure, removing the operational complexity of trading individual preferred shares directly. Investors can gain exposure through a familiar ETP format within their existing brokerage accounts.
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COMTEX_477832155/2227/2026-04-23T18:31:54
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