Castle Brings Automated Bitcoin Savings to Personal Accounts

Financial platform Castle is expanding its services from business accounts to individual users. The platform allows people to manage their cash and bitcoin holdings in one place while earning dividends from Strategy preferred stock. This stock currently offers a 12% annual return paid out twice a month.

The service offers a flexible payout system for those dividends. Users can choose to receive their earnings entirely in cash, entirely in bitcoin, or a custom split between the two. This allows individuals to cover their daily expenses with cash while automatically building a bitcoin position with the remainder of their earnings.

Castle was previously only available to businesses like accounting firms and small shops. The team behind the platform says they decided to open it to individuals after receiving many requests from business owners who wanted to use the same automated tools for their personal finances.

By combining banking and investing into one system, the company aims to simplify how people handle their money. Users set their preferences once, and the platform handles the conversion and allocation automatically at every payout cycle. This move marks a shift for the firm as it looks to compete with traditional banking and brokerage setups.