21shares Launches Strategy Yield ETN (STRC) on the London Stock Exchange, Strengthening UK Presence

London, May 6, 2026 – 21shares, one of the world’s leading issuers of cryptocurrency exchange-traded products (ETPs), today announced the launch of the 21shares Strategy Yield ETN (ETN ticker: STRC) on the London Stock Exchange (LSE).

The 21shares Strategy Yield ETN is the firm’s first UK product to provide exchange-traded access to Stretch, a perpetual preferred security issued by Strategy Inc., a software company and the world’s largest corporate holder of bitcoin. This product expands 21shares’ UK offering beyond token exposure into equity-linked strategies. 

The underlying asset, Stretch – the Variable Rate Series A Perpetual Stretch Preferred Stock issued by Strategy Inc. – offers investors yield-enhanced exposure linked to Strategy’s bitcoin-centric reserve policy.

STRC provides a high-income stream through variable distributions that have been paid consistently since issuance. Strategy maintains both bitcoin and USD reserves, with distribution coverage of 50+ years. STRC has been structured by Strategy to trade close to its USD 100 par value. The distribution rate is reviewed monthly to support price stability and includes a floor linked to short-term interest rates, helping keep yield aligned with market conditions. 

Following its recent listing on Euronext Amsterdam, the launch of the 21shares Strategy Yield ETN on the LSE marks a significant milestone for 21shares, strengthening its presence in the UK market. 21shares currently leads the UK crypto ETN market with a 42% market share of £7.3m daily trading volumes across all crypto ETNs on the LSE (data as of 30/04/2026). 

As of the end of April 2026, Strategy Inc. holds 815,061 bitcoins, representing 3.88% of the total possible Bitcoin supply. Through the 21shares Strategy Yield ETN, investors can gain exposure via a familiar ETN structure within their existing brokerage accounts.

“The listing of the 21shares Strategy Yield ETN on the London Stock Exchange is a definitive moment for the UK market,” said Duncan Moir, President of 21shares. “We are introducing an easy to access investment product that combines high income potential with a familiar exchange traded structure. By bringing this strategy to the LSE, we are giving UK investors an innovative tool to generate income that simply was not accessible in an ETN wrapper before.” 

“STRC is an innovation in the capital markets that provides the upside of a bitcoin-backed security, with the stability of a traditional credit product,” said Phong Le, President and CEO of Strategy. “It currently offers 11.50% yield, paid monthly in cash, tax deferred. Through 21shares’ exchange-traded product, we’re expanding access for UK investors to a new capital model – one that didn’t exist five years ago and one we believe will help shape the next fifty.” 

Notes to editors

About 21shares

21shares is one of the world’s leading cryptocurrency exchange traded product (ETP) providers and offers one of the largest suites of crypto ETPs in the market. The company was founded to make cryptocurrency more accessible to investors, and to bridge the gap between traditional finance and decentralised finance. 21shares listed the world’s first physically-backed crypto ETP in 2018, building a seven-year track record of creating crypto ETPs that are listed on some of the biggest, most liquid securities exchanges globally. Backed by a specialised research team, proprietary technology, and deep capital markets expertise, 21shares delivers innovative and cost-efficient investment solutions.

21shares is a subsidiary of FalconX, one of the world’s largest digital asset prime brokers. 21shares maintains independent operations from FalconX while strategically leveraging the resources and reach of FalconX to accelerate its mission and unlock new growth. For more information, please visit www.21shares.com.

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DISCLAIMER

This document is not an offer to sell or a solicitation of an offer to buy or subscribe for securities of 21Shares AG in any jurisdiction. Neither this document nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever or for any other purpose in any jurisdiction. Nothing in this document should be considered investment advice.

This document and the information contained herein are not for distribution in or into (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful.

This document does not constitute an offer of securities for sale in or into the United States, Canada, Australia or Japan. The securities of 21Shares AG to which these materials relate have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will not be a public offering of securities in the United States. Neither the US Securities and Exchange Commission nor any securities regulatory authority of any state or other jurisdiction of the United States has approved or disapproved of an investment in the securities or passed on the accuracy or adequacy of the contents of this presentation. Any representation to the contrary is a criminal offence in the United States.

Within the United Kingdom, investments in crypto exchange-traded notes (cETNs) are classified by the Financial Conduct Authority (FCA) as Restricted Mass Market Investments (RMMIs) and are considered high-risk and complex products. You should not invest unless you’re prepared to lose all the money invested. cETNs are highly volatile, and you are unlikely to be protected if something goes wrong. These products are not covered by the UK Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS).  This is not a recommendation to invest. Any investment decision should be based solely on the official offering documents of the Issuers (such as the approved base prospectus and final terms), published in accordance with applicable law.

The approval of the Issuer’s Base Prospectus (UK) should not be understood as an endorsement by the FCA of the Issuer or the securities offered or admitted to trading on the London Stock Exchange. Eligible potential investors should read the Issuer’s Base Prospectus (UK) and the relevant Final Terms before making an investment decision in order to understand the potential risks associated with the decision to invest in the securities. You are about to purchase a product that is not simple and may be difficult to understand.

This document constitutes advertisement within the meaning of the PRM Sourcebook and not a prospectus. The 2026 Base Prospectus and the key information document for any products may be obtained at 21Shares AG’s website (https://21shares.com/ir/prospectus or https://21shares.com/ir/kids).

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