Strategy’s Preferred Stocks, Including STRC, Now on Robinhood — Here’s Why Bitcoin Traders Should Care

Robinhood Lists Strategy’s Preferred Stocks, Supporting Bitcoin Demand

Robinhood’s addition of Strategy’s preferred stocks could enable the company to acquire more bitcoin without issuing additional MSTR common shares, potentially increasing BTC demand.

The brokerage began trading four Strategy (MSTR) preferred stocks—STRC, STRD, STRF, and STRK—on Oct. 2. CEO Vlad Tenev confirmed the move on X the next day, citing strong demand from retail investors who considered access to these securities important before moving their accounts.

Unusual Policy Move
Preferred stocks are typically listed by Robinhood as “unsupported assets,” along with foreign equities and mutual funds. The inclusion of Strategy’s securities marks a rare policy exception, highlighting strong retail interest in bitcoin-linked investment products.

Inside Strategy’s Preferred Stock Program
Strategy, formerly MicroStrategy, has structured four preferred stock classes to fund bitcoin acquisitions while limiting dilution of MSTR common shares:

• STRC – Perpetual flagship preferred with a floating yield linked to U.S. Treasury rates.
• STRD – Fixed-rate, shorter-term coupon for conservative investors.
• STRF – Flexible redemption rights targeting institutional holders.
• STRK – Higher-risk, higher-yield tranche for investors seeking maximum exposure to Strategy’s bitcoin strategy.

These instruments provide yield-bearing exposure indirectly tied to bitcoin, offering a product that traditional U.S.-regulated yield instruments have struggled to match.

Implications for Bitcoin
Seeking Alpha analyst Stony Chambers called STRC “the iPhone moment” for crypto-linked securities, noting that its Robinhood listing reflects strong product-market fit. He suggested that future catalysts—such as ratings coverage, tokenization, or stablecoin allocation—could further increase demand.

By opening a new funding channel, Strategy strengthens Michael Saylor’s bitcoin acquisition strategy, providing another indirect driver of BTC demand while minimizing equity dilution for existing shareholders.