On Wednesday, Anchorage Digital announced that it owns Strategy’s perpetual preferred security, STRC. This comes at a time when Wall Street short interest is rising. This was announced by the co-founder and CEO of Anchorage Digital, Nathan McCauley, via a post on X.
This purchase, according to McCauley, is a sign of alignment between two organizations that focus on building out Bitcoin infrastructure. He added that institutions prove their conviction through action.
Anchorage Digital Shows Commitment With STRC Purchase
McCauley said this purchase is a sign of Anchorage Digital’s commitment to corporate strategies for Bitcoin adoption. The size and timing of the purchase were not announced by the firm.
The shares, which are listed on Nasdaq, are a perpetual preferred security. This security is a short-duration, high-yield security. These shares offer an 11.25% dividend annually, paid out monthly in cash. Strategy has been able to expand its Bitcoin holdings via capital raised from these shares.
This announcement comes as Strategy reaches the top spot on Goldman Sachs’s list of most shorted large-cap US stocks. This is based on short interest as a proportion of market capitalization.
Strategy was not included in the top 50 stocks a year ago. This began in late 2025, and the stock was weakening prior to a peak in October for Bitcoin.
Source: Goldman Sachs
Short sellers borrow stock, sell it on the market, and hope to buy it back at a reduced price to profit from the drop. This has contributed to the volatility in the share price of Strategy. This pressure has not been letting up in recent trading sessions.
Also Read: SEC Approves 21Shares’ Sui ETF: Could it Push the Price Above $1?
Strategy Continues Its Bitcoin Accumulation
Strategy is a publicly traded firm that uses its shares to buy Bitcoin. This makes it a leveraged play on Bitcoin in the public markets. This means it will increase in price with Bitcoin during a rally and decrease in price with Bitcoin during a sell-off.
Strategy currently holds 717,722 Bitcoin in its treasury. This is valued at $46.68 billion on current Bitcoin prices. The firm bought its Bitcoin holdings for an average price of $76,020 per coin. Strategy is sitting on an unrealized loss of $7 billion with Bitcoin trading near $66,000.
On Monday, Strategy announced its latest Bitcoin purchase. This saw the firm buy 592 Bitcoin for $39.8 million. This is part of its accumulation strategy for Bitcoin.
Recently, the firm’s founder, Michael Saylor, announced its plans to convert $6 billion in convertible bond debt into equity. This will reduce its leverage because it will turn bondholders into shareholders.
Source: Strategy
The conversion could dilute existing investors. However, Strategy has announced its Bitcoin holdings will still exceed its liabilities unless Bitcoin falls to near $8,000, a drop of 88% from current levels.
Also Read: Strategy Reaches ‘Orange Century’ as Saylor Marks 100th Bitcoin Purchase
