Strategy PP Variable xStock
STRCX Rank #233Price chart
What is Strategy PP Variable xStock?
Underlying security
The underlying asset is Strategy's Series A Variable Rate Perpetual Stretch Preferred Stock. Strategy introduced that Nasdaq-listed security in July 2025. The preferred shares have a $100 stated amount. Their dividend rate is variable. The instrument is perpetual, so it has no scheduled maturity. STRCx tracks these preferred shares rather than Strategy's MSTR common stock. It therefore represents a different financial claim from an equity token tracking MSTR.
Token backing and ownership
Backed Assets (JE) Limited issues the tokenized security. The xStocks framework maintains one-to-one backing through securities held in custody. STRCx is available on Ethereum and Solana. Solana uses the Token-2022 framework, while Ethereum uses a custom rebasing architecture. Corporate actions and reinvested distributions are reflected through token multipliers. This adjusts token holdings instead of promising a fixed cash payout to each wallet. Token ownership provides economic exposure without shareholder voting rights. Primary issuance and redemption follow the issuer's onboarding and fee rules. The product is restricted for U.S. persons and other prohibited jurisdictions.
Where to trade STRCX
6 exchanges · top 10
Live spot quotes from connected exchanges
STRCX funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.