Castle Opens Bitcoin Savings Stack to Individuals, Dividends Convertible to Bitcoin

ChainCatcher report: Bitcoin fintech company Castle has announced the opening of its automated Bitcoin financial stack to individual users, introducing a first-of-its-kind feature in this category: users can choose to receive dividends in cash, Bitcoin, or any custom combination of both. Castle’s dividends originate from STRC, a perpetual preferred stock issued by Strategy, which was added to the platform earlier this year and currently pays an annualized dividend yield of 12% on a biweekly basis. Users may elect to receive 100% of their dividends in cash, 100% in Bitcoin, or any proportion in between. According to the company, most users opt for a balanced approach—using cash to cover daily expenses while automatically reinvesting the remainder into Bitcoin with each payout. João Almeida, Co-founder and CTO of Castle, said investors have long faced a binary choice between stable income and holding Bitcoin; Castle resolves this by automatically converting a portion of dividends into Bitcoin, enabling users to simultaneously generate cash flow and maintain long-term upside potential. Previously, Castle served only business clients such as restaurants, gyms, accounting firms, and e-commerce businesses; the decision to open personal accounts followed repeated requests from business owners. Castle was co-founded by Almeida and CEO Stephen Cole and has received investment from Boost VC and Winklevoss Capital.