Strategy’s STRC Stock Becomes Largest Holding in BlackRock, VanEck Preferred Stock ETFs

Strategy’s STRC stock is gaining significant institutional attention, with the preferred security currently the largest holding in three leading preferred stock ETFs, including BlackRock’s. This comes even as the stock continues to trade below its par value of $100, which has slowed the Bitcoin treasury firm’s BTC accumulation.

STRC Stock Now Largest Holding In BlackRock, VanEck ETFs

In an X post, Strategy’s co-founder Michael Saylor revealed that his company’s preferred security is now the largest holding in BlackRock PFF, Virtus InfraCap’s PFFA, and VanEck’s PFXF ETFs. These ETFs hold a combined $756 million in STRC shares.

Digital Credit is entering the institutional mainstream. $STRC is now the largest holding in three leading U.S. preferred stock ETFs, with $756 million held across BlackRock’s $PFF, Virtus InfraCap’s $PFFA, and VanEck’s $PFXF. pic.twitter.com/IoYwl2D360

— Michael Saylor (@saylor) July 24, 2026

Saylor made this revelation while noting that digital credit is entering the institutional mainstream, with investors gaining exposure to the Bitcoin-backed STRC stock. The stock is notably the largest holding in these ETFs, which also hold Boeing, Google, and Oracle’s preferred stocks.

Meanwhile, this comes even as the Strategy preferred stock trades below its par value of $100. TradingView data shows that the stock is currently trading at around $85, down over 2%.

Strategy’s common stock MSTR is also down alongside the STRC stock, currently trading below the $100 psychological level. Both stocks continue to trade in the red partly thanks to the current bear market conditions for Bitcoin, with these equities mirroring the BTC price.

Strategy CEO Highlights Growing Momentum Among Institutions

Strategy’s CEO Phong Le said in an X post that from March to this month, average institutional holdings increased 10% to $3.5 million. “The institutions are coming,” he said.

At the same time, retail ownership has declined from 78% to 71% as institutional adoption accelerated. Strategy currently offers a 12% dividend to holders of the STRC stock, which it pays bimonthly.

In response to Phong Le’s post, Bitcoin critic Peter Schiff noted that the retail investors sold for a loss. He also opined that the institutional buyers likely bought the STR stock for a short-term trade only, or they may have shorted MSTR and bought STRC as a spread trade. “Maybe they bought STRC and shorted Bitcoin. None of those trades are bullish bets,” he added.

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