PANews reported on May 6th that, according to The Block, 21Shares has listed the Strategy Yield ETN (ticker symbol STRC) on the London Stock Exchange, providing UK investors with their first access to Strategy Inc.'s Bitcoin-backed perpetual preferred stock, "Stretch," through a local exchange. This ETN tracks Strategy Inc.'s Variable Rate Series A Perpetual Preferred Stock, currently offering an annualized yield of 11.50% and distributing dividends monthly in cash. 21Shares claims to have over 40% market share in the London Stock Exchange's crypto ETN market, with an average daily turnover of approximately £7.3 million. Strategy, the largest enterprise-level Bitcoin holder with 815,000 BTC, has previously stated that it may sell some of its BTC to pay STRC dividends in the future.