Castle Opens Its High-Yield Bitcoin Platform to Individuals
Castle, a company that helps businesses manage their financial assets in Bitcoin, is now opening its platform to individuals. This move allows personal accounts to access the same high-yield product as business entities, with a unique feature: the option to take dividend income in Bitcoin at any ratio chosen by the customer.
The yield comes from STRC, Strategy's perpetual preferred stock, which pays a 12% annual dividend on a semi-monthly schedule. Holders can choose to receive 100% of their payout in cash, 100% in Bitcoin, or anything in between. Most customers opt for the middle ground, using cash to cover operating expenses while automatically converting the remainder into Bitcoin.
Castle's founders argue that this approach eliminates the trade-off between earning steady yield and holding Bitcoin. By enabling a portion of dividend income to be converted into Bitcoin, customers can receive both cash flow and long-term upside.