Castle Opens Bitcoin Savings Platform For Individuals

Castle has opened its automated bitcoin financial platform to individuals, allowing personal accounts to access its high-yield products. Customers can choose to receive dividend income in bitcoin at any ratio they prefer. The yield is derived from STRC, Strategy's perpetual preferred stock, which pays a 12% annual dividend on a semi-monthly basis. Holders can opt for 100% cash, 100% bitcoin, or a mix of both. Most customers typically use cash for operating expenses while the remainder is automatically converted into bitcoin. Co-founder and CTO João Almeida stated that Castle eliminates the trade-off between earning yield and holding bitcoin by enabling automatic conversion of dividends into bitcoin. The platform consolidates operating cash, fixed income, and bitcoin accumulation, streamlining financial management. Previously, Castle served only business entities, including restaurants and e-commerce shops. The expansion to personal accounts was driven by feedback from business owners who expressed interest in using the platform for personal finances. Co-founder and CEO Stephen Cole emphasized that the same automated financial stack for businesses is now available for individual use. Castle is backed by Boost VC and Winklevoss Capital.

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