Castle Expands Personal Accounts with STRC Dividend-to-Bitcoin Feature

Castle, a financial platform that automates cash management and Bitcoin accumulation for businesses, now offers this service to individual users. Users can convert any portion of their STRC preferred stock dividend into Bitcoin.

The STRC preferred stock carries a variable 12% annual dividend rate, with record dates falling on the 15th and final day of each month. Strategy pays the dividend in cash before Castle converts the selected amount into Bitcoin.

Castle users can choose to receive their STRC dividend payments entirely in cash or convert a portion into Bitcoin. They can also set a custom percentage for the conversion, which will be executed automatically at each payment date.