Castle has expanded its automated dividend conversion feature to individual users, allowing them to direct STRC preferred stock dividends into Bitcoin based on preset allocation choices. Users can receive dividends entirely in cash, entirely in Bitcoin, or through a mix of both. The feature had previously been limited to businesses and nonprofit organizations.
According to the announcement cited by Techub News, Strategy continues to pay the dividend in cash. Castle then uses the user’s chosen allocation to automatically purchase Bitcoin, meaning the setup does not alter the underlying terms of STRC itself. Castle said the option removes the need for users to manually transfer funds to an exchange before buying BTC.
The update broadens access to a feature that was already available on Castle’s platform for institutional-style users, and now brings the same workflow to retail participants seeking automatic Bitcoin exposure through dividend proceeds.
Castle has opened its automated platform to individual users, allowing them to convert STRC preferred stock dividends into Bitcoin based on a preset allocation, according to Techub News.
Users can choose to receive dividends fully in cash, fully in Bitcoin, or in a mixed format. The feature was previously available only to businesses and nonprofit organizations.
Strategy continues to pay the dividend in cash, while Castle automatically buys Bitcoin according to each user’s selected ratio. Castle said this does not change the terms of STRC itself and removes the step of manually transferring funds to an exchange.
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