Strategy Yield ETN gives UK investors exposure to Bitcoin giant’s STRC shares

crypto asset manager 21shares Strategy Yield ETN launched (STRC) launched its first UK product on the London Stock Exchange on Wednesday strategyBitcoin Backed Preferred Shares.

STRC provides exchange-traded access to Stretch, a variable rate Series A perpetual preferred stock issued by Top Bitcoin Treasury firm, Strategy Inc. The preferred shares provide investors with yield exposure backed by the software company’s vast bitcoin holdings.

According to the announcement, the ETN currently offers an 11.50% annual yield paid monthly in cash with tax-deferred status. The delivery rate is reviewed monthly to support price stability and includes a level tied to short-term interest rates.

21Shares does not charge any management fees on the ETN, creating a fee-free structure for UK investors seeking to invest in the strategy’s Bitcoin-backed securities.

“The listing of the 21Shares Strategy Yield ETN on the London Stock Exchange is a defining moment for the UK market,” Duncan Moir, chairman of 21Shares, said in a statement. “We are introducing an easy-to-access investment product that combines high income potential with a familiar exchange traded structure. By bringing this strategy to the LSE, we are giving UK investors an innovative tool to generate income that was not previously accessible in an ETN wrapper.”

Strategy, a Tysons, Virginia-based business intelligence software company that has emerged as a Bitcoin accumulator The world’s largest corporate BTC holder. The company currently holds 818,334 BTC worth approximately $67 billion.

While the company originally used the issuance of its common MSTR shares to promote Bitcoin purchases, the company has recently seen increased interest in its STRC shares, which has allowed the strategy to buy BTC to raise $5.58 billion so far in 2026. The 21Shares product allows UK traders to achieve the same level of yield as the underlying strategy preferred shares.

“STRC is an innovation in the capital markets that offers Bitcoin-backed security with the stability of a traditional credit product,” Strategy President and CEO Phong Le said in a statement. “Through 21Shares’ exchange-traded product, we are expanding access to a new capital model for UK investors – one that did not exist five years ago, and that we believe will help shape the next 50 (years).”

On Tuesday, the strategy revealed a Loss of $14.5 billion in the first quarter Due to the declining value of its Bitcoin holdings, it is headed for a loss of $14.4 billion in Q4 2025. However, the company has continued to accumulate BTC and has seen its share price rise due to Bitcoin’s rebound in recent weeks.

MSTR was recently trading at $183.45 per yahoo financeAbout 44% more than last month. Bitcoin has climbed nearly 18% in the past month to a recent price of $81,750, rising after falling to around $60,000 earlier this year. Bitcoin is down about 35% from its all-time high above $126,000 set last October.