Castle Lets Users Convert STRC Dividends into Bitcoin

Castle Financial, a platform that automates financial services for businesses and individuals, has expanded its services to include personal accounts. This move allows individual users to convert any portion of their STRC dividend payments into Bitcoin.

The STRC preferred stock, listed on the Nasdaq, carries a 12% annual variable dividend rate, which is paid in cash by Strategy. Castle then converts the selected portion into Bitcoin based on the user's preference.

Co-founder and CTO João Almeida said that this feature was designed for investors who want regular income while continuing to build a Bitcoin position. 'Investors have long faced a choice between earning steady yield and holding bitcoin. Castle eliminates that trade-off,' he stated.

The new personal account structure allows users to choose how much of each STRC dividend payment they want to receive in cash and how much should be converted into Bitcoin. The allocation runs automatically at each dividend payment unless the user changes the instruction.