Strategy’s STRC tops major ETFs despite trading below $100

cryptonews07-25 05:01

Strategy’s STRC preferred stock has become the largest holding in three major U.S. preferred stock ETFs, which collectively own $756 million of the security even as its price remains about 13% below ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStrategy’s STRC tops major ETFs despite trading below $100\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-25 05:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/strategys-strc-tops-etfs-despite-trading-below-100/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Strategy’s STRC preferred stock has become the largest holding in three major U.S. preferred stock ETFs, which collectively own $756 million of the security even as its price remains about 13% below ...</p>\n\n<a href=\"https://crypto.news/strategys-strc-tops-etfs-despite-trading-below-100/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"07799","symbol_name":"南方两倍做多MSTR","start_time":0,"source_url":"https://crypto.news/strategys-strc-tops-etfs-despite-trading-below-100/","article_id":"2654428037","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/strategys-strc-tops-etfs-despite-trading-below-100/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2654428037","pubTimestamp":1784926909,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Strategy’s STRC preferred stock has become the largest holding in three major U.S. preferred stock ETFs, which collectively own $756 million of the security even as its price remains about 13% below its $100 par value.STRC has become the largest holding in three major preferred stock ETFs with $756 million invested.Institutional holdings have risen 105% as retail ownership fell from 78% to 71%.Strategy plans to issue more STRC and buy Bitcoin once the stock returns to $100.Yes, but that means retail investors sold for a loss. My guess is the institutional buyers bought in for a short-term trade only. Or maybe they shorted MSTR and bought STRC as a spread trade. Maybe they bought STRC and shorted Bitcoin. None of those trades are bullish bets.— Peter Schiff  July 24, 2026. His figures correct reports describing the increase in average institutional holdings as 10%. Le’s post placed the increase at 105%, indicating that t","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"07799":"南方两倍做多MSTR","LMI3.UK":"GRANITESHARES 3X LONG MSTR DAILY ETP","MSII":"REX MSTR Growth & Income ETF","BK4023":"应用软件","BK4161":"工业机械","MSTY.UK":"YIELDMAX MSTR OPTION INCOME STRATEGY ETC","MSTU":"2倍做多MSTR ETF-T-Rex","MSTK":"Tuttle Capital MSTR 0DTE Covered Call ETF","MSTW":"Roundhill MSTR WeeklyPay ETF","BK4585":"ETF&股票定投概念","MSTX":"2倍做多MSTR ETF-Defiance","MTYY":"GraniteShares YieldBOOST MSTR ETF","APED":"STKd 100% MSTR & 100% COIN ETF","MSTR":"Strategy","BITQ":"Bitwise Crypto Industry Innovators ETF","MSTY":"MSTR期权收益策略ETF-YieldMax","MSST":"YieldMax MSTR Performance & Distribution Target 25 ETF","3SMI.UK":"GRANITESHARES 3X SHORT MSTR DAILY ETP","SMST":"2倍做空MSTR ETF-Defiance","MSDD":"2倍做空MSTR ETF-GraniteShares","09799":"南方两倍做多MSTR-U","BK4516":"特朗普概念","MSTZ":"2倍做空MSTR ETF-T-Rex","MST":"做多杠杆+收益MSTR ETF-Defiance","09399":"南方两倍做空MSTR-U","SMI3.UK":"GRANITESHARES 3X SHORT MSTR DAILY ETP","OWNB":"BITWISE BITCOIN STANDARD CORPORATIONS ETF","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","BK4596":"哈里斯概念","MSOO":"2倍上限加速MSTR ETF-Leverage Shares","IMST":"MSTR期权收益策略ETF-Bitwise","3LMI.UK":"GRANITESHARES 3X LONG MSTR DAILY ETP","07399":"南方两倍做空MSTR","WNTR":"做空MSTR期权收益策略ETF-YieldMax","BK4588":"碎股","BK4600":"加密货币概念","STRC":"STRATEGY INC VAR RT SER A PERP STRETCH PREFERRED STK","BK4595":"比特币概念","MSTP":"2倍做多MSTR ETF-GraniteShares"},"translate_title":"尽管交易价格低于 100 美元，Strategy 的 STRC 仍位居主要 ETF 榜首","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/8eeb56b054a4b6a16c2e5447ea07a403","symbols_score_info":{"3SMI.UK":0.6,"MSTY":0.6,"BITQ":0.6,"MSTR":1.87,"MST":0.6,"LMI3.UK":0.6,"3LMI.UK":0.6,"07799":0.6,"SMST":0.6,"09399":0.6,"MSDD":0.6,"MSII":0.6,"MSTK":0.6,"MSTX":0.6,"MSOO":0.6,"07399":0.6,"WNTR":0.6,"MSTZ":0.6,"SMI3.UK":0.6,"OWNB":0.6,"STRC":1.98,"MSTY.UK":0.6,"MSTW":0.6,"CRPT":0.6,"MSTU":0.6,"APED":0.6,"09799":0.6,"MTYY":0.6,"MSTP":0.6,"IMST":0.6,"MSST":0.6},"content_text":"Strategy’s STRC preferred stock has become the largest holding in three major U.S. preferred stock ETFs, which collectively own $756 million of the security even as its price remains about 13% below its $100 par value.\n\n\nSummary\n\n\n\nSTRC has become the largest holding in three major preferred stock ETFs with $756 million invested.\nInstitutional holdings have risen 105% as retail ownership fell from 78% to 71%.\nStrategy plans to issue more STRC and buy Bitcoin once the stock returns to $100.\n\n\n\nMichael Saylor, Strategy’s co-founder and executive chairman, disclosed that STRC now leads the portfolios of BlackRock’s iShares Preferred and Income Securities ETF (PFF), Virtus InfraCap’s U.S. Preferred Stock ETF (PFFA), and VanEck’s Preferred Securities ex Financials ETF (PFXF). In a July 24 X post, Saylor described the placements as evidence that Strategy’s “digital credit” products are entering institutional portfolios.\n\nDigital 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\n\nThe three funds give investors indirect exposure to STRC alongside preferred securities issued by established U.S. companies. According to Saylor’s figures, their combined STRC position has reached $756 million, making the security the largest individual holding in each portfolio.\nAlthough ETF demand has increased, STRC closed at $86.89 on July 24, gaining 2.29% during the session before rising to $87.14 in after-hours trading, according to market data shown by Yahoo Finance. Its closing price left the stock 13.11% below the $100 level Strategy designed it to track.\nSource: Yahoo Finance\nTrading below par has become an important constraint for Strategy because the company uses STRC sales to raise money for Bitcoin purchases. Strategy can issue additional preferred shares near or above $100 and direct the proceeds into Bitcoin, but selling new stock at a large discount would secure less capital per share and weaken the economics of the transaction.\nETF demand has lifted institutional ownership\nStrategy CEO Phong Le reported that the average STRC position held by institutions climbed 105% to $3.5 million between March and July. Over the same period, retail investors’ share of ownership fell from 78% to 71%, according to figures Le published on X.\n“The institutions are coming,” Le wrote.\n\nYes, but that means retail investors sold for a loss. My guess is the institutional buyers bought in for a short-term trade only. Or maybe they shorted MSTR and bought STRC as a spread trade. Maybe they bought STRC and shorted Bitcoin. None of those trades are bullish bets.— Peter Schiff (@PeterSchiff) July 24, 2026\n\nHis figures correct reports describing the increase in average institutional holdings as 10%. Le’s post placed the increase at 105%, indicating that the average position more than doubled during the four-month period.\nInstitutional participation does not prove that every buyer expects either STRC or Bitcoin to rise, according to Bitcoin critic Peter Schiff. Responding to Le, Schiff argued that retail investors may have sold their positions at a loss while professional investors entered trades designed to profit from differences between Strategy’s securities.\nSchiff suggested that some funds could have purchased STRC while shorting Strategy’s common stock, MSTR, as a spread trade. Other buyers may have paired long STRC positions with short Bitcoin exposure, he added.\n“None of those trades are bullish bets,” Schiff wrote in his response.\nStrategy currently pays STRC holders a 12% annual dividend in cash through two payments each month. The company’s STRC information page states that management adjusts the dividend rate monthly to encourage the stock to trade around its $100 par value and reduce price volatility.\nThe preferred stock’s high payout has not yet closed the discount. STRC’s 52-week range spans $71.25 to $100.42, while its July 24 closing price remained closer to the lower end of that range than to par.\nThe $100 level controls Strategy’s Bitcoin funding\nLe has directly linked further STRC issuance and Bitcoin purchases to a recovery in the preferred stock. During a July interview, the Strategy CEO said the company would resume issuing more STRC once it returned to par.\n“We’ll continue to build that. And yeah, when Stretch gets back to par, we’ll issue more. We’ll buy more Bitcoin,” Le said.\nUnder this funding model, a return to $100 would allow Strategy to sell new STRC shares on more favorable terms and use the proceeds to add Bitcoin. Until the discount closes, Le’s comments indicate that the company has less incentive to expand the program.\nStrategy has already demonstrated how pressure on its preferred securities can affect its Bitcoin treasury. A July 6 filing showed that the company sold 3,588 BTC for $216 million to fund dividends on its digital-credit securities and maintain liquidity. Following the sale, Saylor reported that Strategy held 843,775 BTC and had increased its U.S. dollar reserves to $2.55 billion.\nAlso on July 6, Binance Stocks added STRC for spot trading, according to the exchange’s announcement reported by crypto.news. The listing followed the introduction of STRC-linked perpetual futures and gave Binance users another route to trade the preferred security.\nBinance stated that fully paid securities lending would become available after stock transactions had settled completely. While the listing added another distribution channel for STRC, the stock’s continued discount shows that ETF accumulation and additional trading access have not yet restored the $100 level needed to restart Strategy’s preferred-share-funded Bitcoin purchases.\n\n\n\n\n\n                Read more:\n            \nNvidia and Meta warn U.S. against sweeping curbs on open AI models","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2654428037","isCrawlerRequest":true}