BTC $79,438 +1.26% ETH $2,509 +1.13% BNB $756.84 +0.21% XRP $1.43 +2.70% SOL $104.29 +1.04% BTC $79,438 +1.26% ETH $2,509 +1.13% BNB $756.84 +0.21% XRP $1.43 +2.70% SOL $104.29 +1.04%
Bitcoin Via Bitcoin Magazine

Castle Opens Bitcoin Savings Stack to Individual Investors

Bitcoin Savings Stack — Castle, a provider of automated Bitcoin financial stacks for businesses, has opened its platform to individual investors, offering a high-yield product with the option to receive dividend income in Bitcoin.

The yield is generated from Strategy’s perpetual preferred stock (STRC), which Castle integrated earlier this year and currently pays a 12% annual dividend semi-monthly. Investors can choose to receive 100% of the payout in cash, 100% in Bitcoin, or any ratio in between, with most customers opting for a mix, according to the company.

“Investors have long faced a choice between earning steady yield and holding bitcoin. Castle eliminates that trade-off,” said co-founder and CTO João Almeida. The platform aims to consolidate operating cash, fixed income, and Bitcoin accumulation into a single automated system.

The move into personal accounts was driven by demand from existing business clients, which include restaurants, gyms, SaaS companies, and non-profits. “Feedback we heard over and over from business owners was: ‘I love this stack — when can I use it personally?'” said co-founder and CEO Stephen Cole.

Original reporting: Bitcoin Magazine