Brazil's largest bitcoin treasury company is preparing to launch an exchange-traded fund that will place nearly all of its capital into a single yield-bearing instrument tied to Strategy, the corporate bitcoin holding giant led by Michael Saylor.
A Concentrated Bet on Strategy's STRC
The fund, trading under the ticker DIGY11, plans to allocate roughly 95% of its holdings to Strategy's STRC product. That level of concentration is unusual for a publicly offered investment vehicle and signals a deep alignment between the Brazilian firm and the U.S.-based company that pioneered the corporate bitcoin treasury model.
By tying its fortunes so closely to a single Strategy instrument, DIGY11 is offering Brazilian investors indirect exposure to one of the most closely watched names in the digital asset space. The approach reflects growing appetite in Latin America for structured products that channel local capital into crypto-adjacent yield strategies.
Nearly all of the fund's capital will ride on a single Strategy instrument, a rare degree of concentration for an ETF.
Targeting Returns Above Brazil's Benchmark Rate
The fund is designed to make annual distributions that track Brazil's interbank interest rate, known as the CDI, plus an additional 3 to 5 percentage points. Those payouts would be calculated net of the fund's operating costs, giving investors a target return that sits comfortably above the country's benchmark lending rate.
However, the firm has been clear that the headline figures represent a goal rather than a promise. Actual returns delivered to investors are not guaranteed and will depend on the performance of the underlying STRC allocation and broader market conditions.
Key features of the proposed fund include:
- A target allocation of about 95% to Strategy's STRC
- Annual distributions aimed at the CDI rate plus 3 to 5 percentage points
- Payouts calculated after deducting fund costs
- No guarantee of the advertised return levels
Why It Matters
The launch underscores how deeply Strategy's financial products have permeated global markets, with firms outside the United States building entire vehicles around its offerings. For Brazilian investors, the fund provides a locally accessible route into a yield-focused crypto strategy without directly holding digital assets.
Still, the heavy concentration and the caveat around guaranteed returns highlight the risks embedded in such an appro