Live · updated 3 minutes ago
Strategy PP Variable xStock Price chart
Key stats
Performance
How the price moved over each period.
Supply
1.39M STRCX circulate. No maximum supply is set.
- Circulating
- 1.39M
- Total supply
- 2.95M
- 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 0.32% of market cap. Thin trading; small orders can move the price.
$152.01M market cap, rank #214. Bigger is harder to push around.
47% of the total supply circulates. Big unlocks could dilute holders.
22.1% below its all-time high of $139.97.
Largest recent swing: 0.53% a day. Calm.
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 Strategy PP Variable xStock (STRCX)?
STRCX is a tokenized security that tracks Strategy Inc.'s Variable Rate Series A "Stretch" Perpetual Preferred Stock, which trades on Nasdaq under the ticker STRC. It is part of the xStocks product line. The token is issued by Backed Assets (JE) Limited, a Jersey company, and tokenized by Backed Finance AG. Holding STRCX is not the same as holding the preferred share: it is a token that tracks the share and carries its own terms, risks and eligibility rules.
How STRCX works
xStocks are described as 1:1 backed tokens, with the underlying securities held in regulated custody. The product page for STRCX lists Alpaca Securities, InCore Bank and Maerki Baumann as brokers and several custodians. Holders can redeem for the equivalent cash value or the underlying asset, subject to the issuer's terms. Because the token follows a preferred stock, its behavior depends on the terms of that security, including its variable dividend and the issuer's right to redeem the shares.
- Gives eligible users on-chain exposure to a Nasdaq-listed preferred security, with transfers possible around the clock.
- Works in wallets and supported platforms on Ethereum and Solana, among other networks.
- Redemption and primary purchases go through licensed institutions, not open mint functions.
STRCX supply and token design
There is no fixed cap. The supply of each xStock expands and contracts as the issuer mints and redeems tokens against shares it holds, so it follows demand rather than a schedule. Live circulating supply is shown in the market data on this page. The issuer's page states that no management fee currently applies, that one of up to 0.25% a year may be introduced later, and that issuance and redemption fees can reach 0.50%. The token exists on Ethereum (ERC-20) and Solana (SPL). Always copy contract addresses from the official product page, since look-alike tokens are common.
Official information is on xstocks.fi.
What to check before using STRCX
- Eligibility. The issuer states the token is not for U.S. persons. Access is aimed at professional clients under Swiss rules and is also tied to sanctions and jurisdiction checks.
- Not the share itself. You hold a token issued by Backed, not stock in Strategy. Shareholder rights and dividends depend on the issuer's terms.
- Issuer and custody risk. Redemption relies on Backed, its brokers and its custodians performing as described.
- Preferred stock terms. The underlying security has a variable dividend and a call feature, which can affect the token.
- Liquidity and market hours. On-chain trading is continuous but the underlying market is not, so gaps and thin order books can occur.
Strategy PP Variable xStock project profile
- Open source
- No
Token contracts
- Ethereum:
0x1aad21…3977f3 - Solana:
Xs78JED6…KgsidH
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
Strategy PP Variable xStock market analysis
With a market capitalisation of $152.01 million, Strategy PP Variable xStock (STRCX) is classed as a small-cap asset and ranks #214 of 1,340 cryptocurrencies with a reported market cap on CryptoWave, larger than about 84.0% 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 $479.7 thousand of STRCX changed hands, equal to 0.32% of its market cap, which puts its trading volume ahead of about 45.4% of tracked assets. That is a quiet level of turnover, so large orders may meet limited depth. Its turnover ratio is higher than that of about 14% of tracked assets.
Price action: STRCX moved +0.24% in 24 hours and +1.37% over 7 days. It outperformed Bitcoin by 2.45 percentage points over 24 hours and by 5.50 points over 7 days. Against the median tracked coin (ahead by 2.52 points on the day and ahead by 7.59 points on the week), it has been a relative strength in recent sessions.
To overtake Fluid (FLUID) just above it, Strategy PP Variable xStock would need to grow its market cap by about 0.6%; it is 0.2% larger than SwissBorg (BORG) just below. Its market cap is under 0.01% of Bitcoin's.
Based on market data; not investment advice.
Strategy PP Variable xStock FAQ
What is STRCX?
STRCX is a tokenized version of Strategy Inc.'s Variable Rate Series A "Stretch" Perpetual Preferred Stock (Nasdaq: STRC), issued by Backed Assets (JE) Limited as part of xStocks. It is a token that tracks the share, not the share itself.
Who can use STRCX?
The issuer states it is not offered to U.S. persons, and access is limited to eligible professional clients in permitted jurisdictions. Check the eligibility terms on the official product page.
Who issues STRCX?
Backed Assets (JE) Limited is the issuer and Backed Finance AG is the tokenizer. The tokens exist on Ethereum and Solana, among other networks.
Can STRCX be redeemed?
The issuer says holders can redeem for cash value or the underlying asset, subject to its terms and to the holder's eligibility.
Price history
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