Buck launches bitcoin-linked governance 'savings coin' targeting ~7% yield
Buck unveiled a new governance token on Jan. 6, 2026, branded as a bitcoin-linked "savings coin" that aims to pay about 7% per year. Buck says the yield will be funded by income generated from the Strategy’s bitcoin-linked preferred stock, effectively creating a cash-flow layer atop bitcoin exposure while token holders retain governance rights.
The move mirrors recent institutional efforts to monetize BTC holdings, notably the approach associated with Michael Saylor, by turning bitcoin exposure into yield-bearing instruments. For investors, the savings coin could offer an alternative to holding spot BTC for yield, but it also introduces counterparty, structural and regulatory risks tied to the preferred stock and token governance. Market participants will watch adoption and regulatory signals to judge whether this model scales.