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Castle opens its bitcoin savings stack to individual accounts

The Miami startup says the product’s 12% annual STRC dividend can be taken in cash, bitcoin, or a mix at the customer’s chosen ratio.

Reported · Written up by our desk · Market Structure

Castle, a Miami startup that runs an automated bitcoin savings stack for businesses, is opening its platform to individual customers, offering personal accounts tied to the same yield strategy.

The company says the product is powered by STRC, Strategy’s perpetual preferred stock, which it added earlier this year and which currently pays a 12.0% annual dividend on a semi-monthly schedule.

Castle said individuals can route 100.0% of each dividend payout to cash, 100.0% to bitcoin, or any combination in between, with the selected portion converted to bitcoin automatically at every payout.

The pitch is consolidation, with Castle positioning the stack as a single system to manage operating cash, fixed income yield, and bitcoin accumulation, and it said its prior business customers included restaurants, gyms, churches, accounting firms, and e-commerce shops.

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