Strategy PP Variable xStock

STRCX Price

About Strategy PP Variable xStock (STRCx)

Strategy PP Variable xStock is a tokenized security that provides on-chain economic exposure to Strategy Inc.’s variable-rate perpetual preferred stock.

• The asset is backed 1-to-1 by the underlying preferred stock, which is held in traditional custody by a regulated issuer.
• It is issued under the xStocks framework, offering compliance with EU regulations and integration with decentralized finance (DeFi) protocols.
• Holders may receive monthly dividends based on the underlying instrument's performance, which featured an initial annual rate of 9%.

What Is Strategy PP Variable xStock

Strategy PP Variable xStock (STRCx) is a digital representation of a specific financial instrument: the Variable Rate Series A Perpetual Stretch Preferred Stock issued by Strategy Inc. This product is part of the xStocks ecosystem, which aims to bridge traditional capital markets with the on-chain economy. By tokenizing these equities, the project allows non-U.S. users to access U.S.-listed securities without the need for traditional brokerage accounts or the frictions associated with equity settlement.

Value moves through the system via a 1-to-1 backing mechanism. For every STRCx token in circulation, a corresponding share of the underlying Strategy Inc. preferred stock is held by the issuer, Backed Assets (JE) Limited. The token is put to work by providing holders with a legal claim to the economic value and dividends of the underlying stock, while also being usable as collateral or liquidity in DeFi protocols. As the ecosystem grows, this model scales by allowing more traditional assets to be brought on-chain through standardized token formats.

What Makes Strategy PP Variable xStock Unique

• Regulated Issuance: The product is issued by a Jersey-based special purpose vehicle (SPV) and governed by a prospectus framework approved under EU regulations.
• Monthly Dividends: Unlike many traditional stocks that pay quarterly, the underlying STRC instrument aims to pay dividends monthly, providing more frequent cash flow to token holders.
• DeFi Composability: STRCx is an ERC-20 token, meaning it can be integrated into lending markets, decentralized exchanges, and other blockchain-based financial services.
• 24/7 Market Access: While traditional stock markets have limited hours, STRCx can be traded on-chain at any time, providing continuous liquidity.

What Can You Use Strategy PP Variable xStock for?

• Economic Exposure: Users can gain exposure to the price movements and yield of Strategy Inc.'s preferred stock directly from their digital wallets.
• Yield Generation: By holding the token, users may accrue monthly dividends, which were initially established at a 9% annual rate.
• DeFi Utility: The token can be used as collateral in decentralized lending protocols or as a pair in liquidity pools on decentralized exchanges.
• Cross-chain Mobility: Available on both Ethereum and Solana, the token allows users to move their equity exposure across different blockchain ecosystems.

How Does Strategy PP Variable xStock Work?

Strategy PP Variable xStock functions as a wrapper for the underlying STRC preferred stock. The process begins with the issuer, Backed Assets (JE) Limited, purchasing and holding the physical shares in traditional custody. They then issue the STRCx token on a public blockchain at a 1-to-1 ratio. This ensures that the token's value is directly linked to the underlying asset.

The token operates as an application utility token within the xStocks infrastructure. It does not function as a network gas token; instead, transactions involving STRCx require the native gas of the host network. The issuer maintains a redemption mechanism, which includes a call option to buy back the shares at a predetermined price, such as $101, once certain conditions like listing on a major exchange are met.

Team Info and Investors

The STRCx token is issued by Backed Assets (JE) Limited, a special purpose vehicle registered in Jersey and overseen by the Jersey Financial Services Commission. The underlying reference asset, STRC, was launched by Strategy Inc. in July 2025 through an initial public offering (IPO). While the project operates within the xStocks framework, it relies on the legal and technical infrastructure provided by Backed to ensure 1-to-1 collateralization and regulatory compliance in the EU and EEA regions.

Where can you buy Strategy PP Variable xStock?

STRCX tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Strategy PP Variable xStock is Raydium (CLMM), where the most active trading pair STRCX/USDC has a trading volume of $84,788.25 in the last 24 hours. Other popular options include Byreal and Uniswap V4 (Ethereum).

What is the daily trading volume of Strategy PP Variable xStock (STRCX)?

The trading volume of Strategy PP Variable xStock (STRCX) is $208,472.42 in the last 24 hours, representing a 45.70% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Strategy PP Variable xStock (STRCX)?

Strategy PP Variable xStock (STRCX) reached an all-time high of $112.04 and an all-time low of $86.22. It’s now trading -22.50% below that peak and 0.70% above its lowest price.

What is the market cap of Strategy PP Variable xStock (STRCX)?

Market capitalization of Strategy PP Variable xStock (STRCX) is $125,945,948 and is ranked #220 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of STRCX tokens (1.5 Million tokens are tradable on the market today).

What is the fully diluted valuation of Strategy PP Variable xStock (STRCX)?

The fully diluted valuation (FDV) of Strategy PP Variable xStock (STRCX) is $232,622,888. This is a statistical representation of the maximum market cap, assuming total number of 2.7 Million ETH tokens are in circulation today.

How does the price performance of Strategy PP Variable xStock compare against its peers?

With a price decline of -10.40% in the last 7 days, Strategy PP Variable xStock (STRCX) is underperforming the global cryptocurrency market which is down -5.40%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add Strategy PP Variable xStock (STRCX) to MetaMask?

Adding Strategy PP Variable xStock (STRCX) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import STRCX as a token. You can copy STRCX’s contract address (0x1aad217b8f78dba5e6693460e8470f8b1a3977f3) and import it manually, or if you've installed MetaMask's chrome extension, add STRCX to MetaMask with one click on CoinGecko.

Add STRCX to MetaMask.