Data recently shared by Michael Saylor shows that STRCs are increasingly entering traditional financial products, with rising participation from institutional investors and a weakening of the retail-dominated landscape. This change is not driven by social media, but rather reflected in the holdings structure of US preferred stock ETFs.
The three ETFs collectively hold $756 million.
According to data cited by Saylor, STRC has become one of the largest holdings of three US preferred stock ETFs, including BlackRock's iShares Preferred and Income Securities ETF (PPF), Virtus Infracap US Preferred Stock ETF (PFFA), and VanEck Preferred Securities ex Financials ETF (PFXF).
These three funds currently hold a combined total of approximately $756 million in STRC. The article argues that this indicates institutions are increasing their exposure through traditional investment tools rather than directly purchasing crypto assets.
The proportion of retail investors decreased from 78% to 71%.
The shareholder structure has also changed. The article cites data that has resurfaced from MicroStrategy CEO Phong Le, stating that retail ownership of STRC has decreased from 78% in March to 71% in July.
In contrast, institutional allocations continued to increase. During the same period, the average size of a single institutional allocation rose by 105%, reaching approximately $3.5 million. According to the article, this change appears more like large funds gradually building positions, rather than being driven by short-term trading.
Traditional combinations are beginning to be incorporated into digital credit products
The article describes STRC as a digital credit product that is being adopted by traditional investment portfolios. As institutional holdings continue to increase, the investor structure of this type of asset may further converge with that of mature institutional markets.
Based on currently available data, Wall Street is not merely focusing on this area, but has already begun to actively participate through existing fund products. If this trend continues, the position of STRC in traditional asset allocation may continue to rise.
