U.K. Investors Gain Access to Strategy STRC Shares

TLDR

• 21Shares listed the Strategy Yield ETN on the London Stock Exchange to expand access for U.K. investors.
• The ETN provides exposure to Strategy’s Series A perpetual preferred stock known as STRC shares.
• The product offers an 11.50% annual yield and pays distributions monthly in cash.
• 21Shares applies no management fee to the Strategy Yield ETN.
• Strategy holds 818,334 BTC valued at nearly $67 billion based on recent figures.

21Shares has listed the Strategy Yield ETN on the London Stock Exchange, offering U.K. investors exposure to Strategy’s preferred stock. The exchange-traded note tracks Strategy’s Series A perpetual preferred shares and delivers an 11.50% annual yield paid monthly in cash. The product marks 21Shares’ first U.K. vehicle tied directly to Strategy’s Bitcoin-backed securities.

STRC Shares Offer Yield Linked to Bitcoin Holdings

21Shares structured the ETN to provide exchange-traded access to Stretch, Strategy’s variable rate Series A perpetual preferred stock. The underlying STRC shares provide yield exposure supported by Strategy’s large Bitcoin holdings. The ETN currently offers an 11.50% annual yield, and it pays distributions monthly in cash.

The company reviews the distribution rate each month to support price stability and align with market conditions. The structure includes a floor tied to short-term interest rates to protect yield levels. 21Shares charges no management fee on the ETN, which creates a fee-free structure for U.K. investors.

21Shares President Duncan Moir described the launch as a milestone for the domestic market.

Strategy President and CEO Phong Le also addressed the launch in a statement. He said, “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.” He added that the partnership expands access for U.K. investors to Strategy’s capital model.

Strategy Expands Bitcoin Treasury and Adjusts Policy

Strategy, based in Tysons, Virginia, holds 818,334 BTC valued at nearly $67 billion. The company represents about 3.9% of Bitcoin’s total supply based on current figures. Strategy previously relied on issuing common MSTR shares to finance its Bitcoin purchases.

However, the company has raised $5.58 billion in 2026 through its STRC shares to buy more Bitcoin. This shift reflects growing investor interest in the preferred stock structure. The new ETN enables U.K. traders to access similar yield exposure through a listed instrument.

On Tuesday, Strategy revised its long-standing Bitcoin policy and adjusted its “never sell” stance. The company told investors it would sell Bitcoin when doing so is “advantageous to the company.” Strategy reported a $12.54 billion net loss for the first quarter of 2026.

The loss included $14.5 billion tied to the decline in Bitcoin’s value during the period. In comparison, the company recorded a $14.4 billion loss in the fourth quarter of 2025. Despite losses, Strategy has continued accumulating Bitcoin and expanding its treasury position.

MSTR recently traded at $183.45, according to Yahoo Finance data. The stock has gained nearly 44% over the past month. Bitcoin traded near $81,750 after rising about 18% in the same period.

The post U.K. Investors Gain Access to Strategy STRC Shares appeared first on Blockonomi.