VanEck’s PFXF ETF has sharply increased its position in Strategy Inc.’s Stretch preferred shares, or STRC, lifting the holding’s market value to $209 million. That stake now accounts for roughly 8% to 9% of the fund’s portfolio, according to the report carried by Techub and attributed to CryptoBriefing. PFXF currently holds about 2.42 million STRC shares. The preferred stock was launched in July 2025 with a 12% annual dividend rate and pays cash distributions every half month. Strategy, formerly known as MicroStrategy, is a listed company focused on holding Bitcoin. STRC is its Variable Rate Series A perpetual preferred stock with a $100 par value. The shares have recently traded in the upper-$80 range, pushing the effective yield above 13%. The security gives institutional investors a way to gain Bitcoin-linked exposure without directly holding cryptocurrencies, though the company’s financial condition remains closely tied to Bitcoin’s price performance.
VanEck’s PFXF ETF has sharply increased its holding of Strategy Inc.’s Stretch preferred stock, STRC, bringing the position’s market value to $209 million, or about 8% to 9% of the fund’s portfolio.
PFXF now holds about 2.42 million STRC shares. According to CryptoBriefing, the preferred stock was launched in July 2025, carries a 12% annual dividend rate, and pays cash distributions every half month.
Strategy Inc., formerly MicroStrategy, is a publicly listed company focused on Bitcoin holdings. STRC is its Variable Rate Series A perpetual preferred stock with a $100 par value. The security has recently traded in the upper-$80 range, giving it an effective yield of more than 13%.
The instrument offers institutional investors a way to gain Bitcoin-related exposure without directly holding cryptocurrencies. Its dividends are paid in cash, but the company’s financial health remains closely tied to Bitcoin’s price performance.
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