Castle Opens Its Bitcoin Savings Stack to Individuals

Bitcoin Magazine Castle Opens Its Bitcoin Savings Stack to Individuals Castle, the company behind an automated bitcoin financial stack for businesses, has said it is opening its platform to individuals, bringing its high-yield product to personal accounts along with a first for the category: the option to take dividend income in bitcoin at whatever ratio the customer picks.

The yield comes from STRC, Strategy‘s perpetual preferred stock, which Castle added earlier this year and which currently pays a 12% annual dividend on a semi-monthly schedule.  Holders can take 100% of that payout in cash, 100% in bitcoin, or anything in between, according to a Tuesday statement.

Most Castle customers land in the middle, the company said, covering operating expenses with cash while the remainder compounds into bitcoin automatically at every payout. “Investors have long faced a choice between earning steady yield and holding bitcoin.

Castle eliminates that trade-off,” co-founder and CTO João Almeida said.