Strategy STRC Climbs Into PFF Top Holdings at BlackRock

Strategy’s STRC Climbs Into BlackRock PFF’s Top Holdings

Strategy’s STRC has moved into one of the largest positions inside BlackRock’s iShares Preferred and Income Securities ETF, giving a preferred stock issued by a bitcoin-linked company unusually visible placement in a mainstream income fund.

STRC Has Moved Into PFF’s Largest Positions

On March 27, 2026, TradingView’s PFF holdings page showed STRC at 1.50% of the fund, equal to about 2.00 million shares worth roughly $199.49 million.

The same holdings snapshot showed only Boeing, Oracle, Wells Fargo, and Albemarle above STRC by weight, which is why the most defensible wording is that STRC is among PFF’s top holdings rather than locked to a precise rank.

BlackRock’s official PFF page identifies the fund as the iShares Preferred and Income Securities ETF and says it seeks exposure to U.S. dollar-denominated preferred and hybrid securities.

The same $13,332,943,655 net-asset figure listed for March 31, 2026 shows STRC has become material inside a large traditional ETF, not just a niche crypto allocation.

$13.33B

PFF Net Assets

BlackRock’s official fund page says the iShares Preferred and Income Securities ETF had $13,332,943,655 in net assets as of March 31, 2026.

BlackRock also says on the same March 31, 2026 fund page that PFF held 460 securities, underscoring how notable it is for STRC to sit near the front of such a broad preferred portfolio.

460

Holdings in PFF

BlackRock’s official fund page says PFF held 460 securities as of March 31, 2026.

Verified Snapshot vs. Earlier January Reports

A single secondary report preserving a January 16, 2026 snapshot said STRC was PFF’s fourth-largest holding at 1.47%, but that older view should be treated cautiously because BlackRock’s row-level downloadable holdings file could not be directly read from this environment.

The newer March 27, 2026 holdings view is therefore the firmer current reference point, and it still shows STRC among PFF’s largest positions even if the displayed ordering is no longer identical to the January snapshot.

Why STRC’s Weight in a BlackRock Preferred ETF Matters

Strategy said in its July 2025 pricing announcement that STRC is its Variable Rate Series A Perpetual Stretch Preferred Stock, sold at $90 per share with a $100 stated amount and an initial 9.00% annual dividend rate paid monthly.

Because PFF is designed for U.S. dollar-denominated preferred and hybrid securities, STRC fits the ETF’s mandate as a preferred instrument even though it gives investors exposure to Strategy’s capital structure rather than direct ownership of bitcoin.

How STRC Fits PFF’s Mandate

The setup is notable for crypto readers because it shows a yield-bearing Strategy security entering a conventional income product through standard fund construction rather than through a spot-Bitcoin income wrapper such as BITA Ticker Revealed for iShares Bitcoin Premium Income ETF.

Strategy also said the STRC offering was made under an effective shelf registration statement filed with the SEC, which helps explain why a traditional preferred-securities ETF can own the instrument without buying bitcoin directly.

What the Data Confirms and What Still Needs Caution

The evidence is strong enough to say STRC is now among PFF’s top holdings, but not strong enough to attribute an exact live rank to BlackRock itself because the official row-level download was unavailable here. That distinction matters because the January 16, 2026 secondary snapshot and the March 27, 2026 holdings view do not present the position in exactly the same way.

What to Watch in Future PFF Holdings Updates

If future PFF holdings updates keep STRC near the March 27, 2026 weighting, that would support the view that institutional demand for yield-bearing, crypto-adjacent paper is durable rather than temporary.

If later updates materially change the weight, the safer takeaway remains the present one: STRC has already become large enough to matter inside one of BlackRock’s flagship preferred-securities funds, and the next holdings refresh will show whether that position is stabilizing or still moving.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.