Robinhood (HOOD) has enabled trading for Strategy Inc’s (MSTR) Variable Rate Series A Perpetual “Stretch” Preferred (STRC), representing the platform’s first ever preferred stock listing. The move brings a new class of securities to Robinhood’s retail-focused roster.
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According to the Robinhood app, STRC became available for purchase on the brokerage’s platform this week. Retail investors on Robinhood can now trade STRC alongside the more familiar common stocks and ETFs. As of October 2, Robinhood’s website states that it does not support preferred stocks.
Although the Robinhood app displays STRK and STRF, these are other Strategy preferred shares that are not yet tradable on the platform at the time of writing this article.
STRC carries a variable dividend that is reset every month. Strategy sets the dividend so that the price of the shares can stay near the $100 stated amount. STRC is designed to be a bitcoin-backed alternative to money markets and ultra-low duration fixed income. The STRC IPO was the largest IPO in 2025, bringing in about $2.5 billion. Strategy subsequently opened an at-the-market offering for $4.2 billion worth of STRC.
Read More: Strategy raises dividend on STRC to 10.25%
At time of publication, MSTR is up 2.9% during pre-market hours. STRC is up 0.57% with a price of $98.54.
