According to a report by Cointelegraph, cryptocurrency ETP provider 21Shares launched the Strategy Yield ETP (ticker symbol: STRC NA) on the Euronext Amsterdam exchange on Thursday, providing European investors with a convenient channel to invest in preferred shares of Strategy, a company owned by Michael Saylor. The product is backed by 717,000 bitcoins (worth approximately $47 billion) held by Strategy and offers an annualized variable dividend yield of 11.25%.
21Shares launches Bitcoin-backed Strategy Yield ETP
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