A new class of crypto treasury companies is emerging around Strategy’s high-yield stock, STRC, which is being used as a funding vehicle for its bitcoin accumulation strategy. The company offers investors an annualized dividend of 11.5%, paid monthly in cash, with proceeds primarily used to purchase bitcoin. The surge in trading activity led to a record-breaking trading volume, with over $1.6 billion shares exchanging hands. As a result, companies and decentralized finance protocols are accumulating STRC to capture its yield while gaining indirect exposure to bitcoin.Saturn Credit, a bitcoin-backed yield platform, accumulated $15 million in STRC within six days of launch.