Castle Opens Its Bitcoin Savings Stack to Individuals

According to Bitcoin Magazine, Miami startup Castle is opening its automated bitcoin financial stack to individuals, bringing a 12 percent STRC yield to personal accounts. The platform allows customers to route any slice of their dividend income straight into bitcoin. The yield originates from Strategy's perpetual preferred stock, known as STRC, which pays a 12 percent annual dividend on a semi-monthly schedule. Holders can receive 100 percent of the payout in cash, 100 percent in bitcoin, or any ratio in between. Co-founder and CTO João Almeida stated that the platform eliminates the trade-off between earning steady yield and holding bitcoin. Co-founder and CEO Stephen Cole noted that the expansion into personal accounts was driven by frequent feedback from existing business customers who wanted to use the same automated stack for their personal finances. Previously, Castle served business entities exclusively. The platform aims to consolidate operating cash, fixed income, and bitcoin accumulation into a single automated system. Castle was founded by Cole and Almeida and is backed by Boost VC and Winklevoss Capital, as reported by Bitcoin Magazine.