Buck launches Bitcoin Dollar offering 7% annual rewards

The Buck Foundation announced a Bitcoin Dollar savings token that pays 7% annual rewards accruing by the minute and is tradable 24/7. The token’s treasury is funded in part by STRC, Strategy’s Bitcoin-backed perpetual preferred stock, and rewards are subject to governance and issuer approvals.

The Buck Foundation announced a new digital savings token called the Bitcoin Dollar that offers 7% annual rewards, which the company says accrue minute-by-minute. The project is run by Buck Labs, a U.S.-based technology company led by Travis VanderZanden. Buck’s model relies on treasury holdings of STRC, Strategy’s Bitcoin-backed perpetual preferred stock, to generate returns that the token’s community can vote to distribute. The firm describes the token as designed for global accessibility and continuous tradability. Key details: - The token is promoted as paying 7% annual rewards that accrue by the minute and are withdrawable at any time. - Buck’s treasury receives monthly returns of capital from STRC, and token holders vote on distributing those earnings. - The token was initially priced at $1 per unit and is tradable 24/7 according to the announcement. - The company describes the structure as indirectly backed by Bitcoin through STRC’s overcollateralization with Bitcoin. - The announcement notes the offering is not intended for U.S. persons and states it is not an offer of securities or investment advice. Summary: The Buck launch introduces a governance-token-based savings product that links rewards to returns from STRC and intends to provide continual, minute-based accrual and 24/7 tradability. Distribution of rewards and final terms are subject to DAO governance votes, Cayman Foundation approval, and discretion of the BVI token issuer, with specific timing undetermined at this time.