pledgeSTRC vs IBIT.
Strategy STRC (Dividend-backed) compared against iShares Bitcoin Trust ETF (BlackRock · Nasdaq). Compared on the overall Pledge score, same evidence sources, side-by-side numbers.
A · stablecoin
Strategy STRC
Dividend-backed
Risk Score
7.9/10
Effective yield
12.98%
B · etf
iShares Bitcoin Trust ETF
BlackRock · Nasdaq
Overall Score
8.7/10
Expense ratio
0.25%
FACTOR-BY-FACTOR
Overall score, side by side.
Editorial · who to send to which
“STRC pays an ~11.5% variable dividend backed by Strategy issuer credit (with BTC treasury exposure). IBIT pays no dividend but tracks spot Bitcoin price directly. STRC is closer to a high-yield bond than to Bitcoin; IBIT is Bitcoin in an ETF wrapper. They answer different questions: "I want yield from a Bitcoin-adjacent issuer" vs "I want spot BTC exposure inside a brokerage account."”