BlackRock ETF holds $380M in Strategy preferred stock

BlackRock's U.S. preferred stock ETF, PFF, has invested $380 million in preferred stock issued by Strategy (MSTR), CoinDesk reported. The fund holds $210 million worth of Strategy's STRC preferred stock, which represents 1.47% of its portfolio and is its fourth-largest holding. PFF also holds an additional $170 million in other Strategy preferred stocks, such as STRF and STRD, as well as MSTR common stock.