Live · updated 3 minutes ago
MicroStrategy xStock Price chart
Key stats
Performance
How the price moved over each period.
Supply
928,357 MSTRX circulate. No maximum supply is set.
- Circulating
- 928,357
- Total supply
- 1.86M
- Max supply
- No max supply
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 2.42% of market cap. Normal turnover for its size.
$120.41M market cap, rank #251. Bigger is harder to push around.
50% of the total supply circulates. Big unlocks could dilute holders.
71.9% below its all-time high of $462.34.
Largest recent swing: 3.85% a day. Moderate.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is MicroStrategy xStock (MSTRX)?
MicroStrategy xStock (MSTRx) is a tokenized stock. It tracks the shares of MicroStrategy, listed in the United States, and is not a cryptocurrency with its own network or economics. It belongs to the xStocks product line, which the xStocks site describes as 1:1 backed tokenized US equities and ETFs.
xStocks are issued by Backed Assets (JE) Limited, a Jersey company, and were launched together with Kraken in 2025. MSTRx was among the first tokens, alongside others such as CRCLx, COINx and NVDAx.
How MSTRX works
Each token is backed one to one by the underlying share held in regulated custody. Holders can redeem for the equivalent cash value or for the underlying asset, and tokens can trade around the clock on supported venues. The xStocks site says fractional purchases are possible, with access in more than 110 countries subject to local restrictions. The tokens are not registered under the US Securities Act.
- Issuer: Backed Assets (JE) Limited.
- Distribution: offered by Kraken entities and other partner venues to eligible customers.
- Rights: the token gives economic exposure to the share, not voting rights in the company.
MSTRX supply and token design
There is no fixed cap. Tokens are created and removed as holders subscribe and redeem against the underlying shares, so supply follows demand rather than a schedule.
The same token exists on several networks, including Ethereum, Solana, BNB Chain and Arbitrum, and the issuer lists further chains. The contract address on Ethereum, BNB Chain and Arbitrum is the same, which can be checked on each explorer. Because the token is issued by a regulated entity rather than created by a protocol, the issuer's terms set the rights of holders, including how redemptions and corporate actions are handled. Live circulating supply is shown in the market data on this page.
Official information is on xstocks.com.
What to check before using MSTRX
- Eligibility is limited. xStocks are not available in the United States or to US persons, and are restricted in the UK and some other jurisdictions.
- Token price follows a stock, so trading is subject to market hours of the underlying and related price gaps.
- The tokens depend on the issuer and custodian. If either fails, redemption could be delayed.
- Corporate actions and dividends are handled under the issuer's terms, so read them.
- The value follows a single company's shares, so there is no diversification, and the stock can move sharply on company news.
MicroStrategy xStock project profile
Token contracts
- Arbitrum One:
0xae2f84…49b08e - BNB Chain:
0xae2f84…49b08e - Ethereum:
0xae2f84…49b08e - Solana:
XsP7xzNP…jdxxyZ
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
MicroStrategy xStock market analysis
With a market capitalisation of $120.41 million, MicroStrategy xStock (MSTRX) is classed as a small-cap asset and ranks #251 of 1,339 cryptocurrencies with a reported market cap on CryptoWave, larger than about 81.3% of them. It accounts for roughly under 0.01% of the combined tracked market value. Small-cap assets can move quickly on news or exchange listings, and liquidity can thin out fast in sell-offs.
Over the last 24 hours roughly $2.92 million of MSTRX changed hands, equal to 2.42% of its market cap, which puts its trading volume ahead of about 73.0% of tracked assets. That is a moderate, fairly typical level of turnover. Its turnover ratio is higher than that of about 38% of tracked assets.
Price action: MSTRX moved −3.85% in 24 hours and −6.80% over 7 days. It underperformed Bitcoin by 1.92 percentage points over 24 hours and by 3.19 points over 7 days. Against the median tracked coin (behind by 1.69 points on the day and behind by 0.71 points on the week), it has been a relative laggard in recent sessions.
To overtake eCash (XEC) just above it, MicroStrategy xStock would need to grow its market cap by about 0.2%; it is 1.0% larger than Syscoin (SYS) just below. Its market cap is under 0.01% of Bitcoin's.
Based on market data; not investment advice.
MicroStrategy xStock FAQ
What is MicroStrategy xStock (MSTRx)?
MSTRx is a tokenized representation of MicroStrategy shares, issued by Backed Assets (JE) Limited and backed one to one by the underlying stock.
Who can buy MSTRx?
Only eligible customers outside restricted jurisdictions. xStocks are not offered in the United States or to US persons.
Is MSTRx the same as owning MicroStrategy stock?
It gives economic exposure to the share, but it is a token issued under the issuer's terms and does not carry voting rights.
Which blockchains does MSTRx run on?
The token is available on Ethereum, Solana, BNB Chain and Arbitrum, among other networks the issuer supports.
Price history
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