According to The Block, on May 6, 21Shares listed Strategy Yield ETN (ticker: STRC) on the London Stock Exchange, providing UK investors with local access to Strategy Inc.'s bitcoin-backed perpetual preferred stock. The ETN tracks Strategy Inc.'s Variable Rate Series A Perpetual Preferred Stock with a current annualized yield of 11.50%, paid monthly in cash. 21Shares said it now holds over 40% market share in crypto ETNs on LSE with average daily trading volume of £7.3 million. Strategy, the largest corporate bitcoin holder with 815,000 BTC, has previously indicated it may sell portions of its holdings to fund dividend payments.
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