Strategy Yield ETN Gives UK Investors Exposure to Bitcoin Giant's STRC Shares

21Shares launched the Strategy Yield ETN (STRC) on the London Stock Exchange, giving U.K. investors exchange-traded access to MicroStrategy’s Bitcoin-backed preferred shares. The ETN offers an 11.50% annual yield paid monthly, a fee-free structure and a distribution floor tied to short-term rates. Strategy (MicroStrategy) holds 818,334 BTC (~$67bn) and has raised $5.58bn in 2026 via STRC issuances. The product expands access to yield-bearing Bitcoin exposure at a time when Bitcoin has rebounded roughly 18% over the past month and MicroStrategy’s shares have rallied ~44% over the same period, despite the company reporting a $14.5bn Q1 loss. The listing could increase U.K. demand for Bitcoin-linked securities and channel more institutional/retail capital into vehicles tied to Strategy’s BTC holdings, potentially supporting further Bitcoin and MicroStrategy share price strength.