Cryptocurrency ETP provider 21Shares has launched a new investment product for European investors, offering exposure to a preferred stock issued by Michael Saylor’s company, MicroStrategy. The 21Shares MicroStrategy Yield ETP, listed on Euronext Amsterdam under ticker “STRC NA,” provides a variable dividend yield backed by MicroStrategy’s massive Bitcoin treasury, which holds approximately 717,722 BTC worth around $47 billion.
21Shares has launched an investment product giving European investors access to a preferred stock issued by Michael Saylor’s MicroStrategy, the world’s largest public holder of Bitcoin. The asset manager will list its 21Shares MicroStrategy Yield ETP under the ticker “STRC NA” on Euronext Amsterdam.
The ETP is available to institutional and retail investors, offering a dividend backed by MicroStrategy’s Bitcoin treasury. With dividends set at a variable 11.25% annualized rate, the ETP represents one of the earliest structured, BTC-backed corporate securities available to European investors.
The ETP with exposure to MicroStrategy’s preferred stock STRC is designed to act as a “cash-flow bridge” between traditional finance and MicroStrategy’s Bitcoin treasury. 21Shares said the structure is intended to make the instrument easier to access for European investors through standard brokerage accounts.
“By combining high income potential with a familiar exchange traded structure, STRC offers both institutional and retail investors an efficient and accessible way to add yield to their portfolios,” stated 21Shares president Duncan Moir.
The company positioned the launch as its first equity-linked product, expanding beyond its traditional lineup of crypto-only ETPs. Moir added that the move reflects the company’s broader mission to provide accessible exposure to digital assets.
“Since our inception, we have focused on providing straightforward access to digital assets,” Moir said. “With this product, we are extending that expertise into equity-linked exposure tied to the Bitcoin ecosystem,” he added.
Operating since 2018, 21Shares is one of the largest crypto ETP providers globally, managing about $5.3 billion across 60 ETPs on 13 exchanges. The company has continued its global expansion, recently launching a new exchange-traded fund in the US.
