Summary
- BlackRock’s U.S. preferred stock ETF PFF was reported to be investing about $380 million in Strategy preferred shares.
- PFF holds about $210 million of the preferred shares STRC issued by Strategy, which accounts for 1.47% of PFF’s total portfolio and is the fourth-largest position.
- BlackRock also holds a total of $170 million in MSTR-related shares, including other Strategy preferred stocks such as STRF and STRD as well as common stock, indicating that institutional investors’ indirect exposure to Strategy is expanding.
BlackRock’s U.S. preferred stock exchange-traded fund (ETF) PFF was found to be investing about $380 million in preferred shares of Strategy (MSTR).
According to crypto-focused media outlet CoinDesk on the 20th (local time), PFF holds about $210 million worth of STRC preferred shares issued by Strategy, accounting for 1.47% of PFF’s overall portfolio and ranking as the fourth-largest position.
In addition, BlackRock was reported to hold a total of $170 million worth of MSTR-related shares, including other Strategy preferred stocks such as STRF and STRD as well as Strategy common stock.
The investment is interpreted as an example showing that institutional investors’ indirect exposure to Strategy—drawing attention for its Bitcoin treasury strategy—is expanding.
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