Anchorage Digital purchases Strategy’s preferred security STRC, aligning two Bitcoin-focused companies. STRC offers an 11.25% annual dividend and funds Strategy’s Bitcoin accumulation. Strategy becomes Wall Street’s most-shorted stock, with short interest rising dramatically. Strategy holds 717,722 Bitcoin, recently acquiring an additional 592 BTC. Strategy plans to convert $6 billion in debt to equity to reduce leverage. Bitcoin would need to drop 88% for Strategy’s holdings and debt to reach parity.

Read more at Cointelegraph: Anchorage Digital Buys Strategy STRC as Stock Becomes Most-Shorted