Strategy PP Variable xStock

Strategy PP Variable xStock is a tokenized representation of the Variable Rate Series A Perpetual Stretch Preferred Stock, which trades on Nasdaq under the ticker STRC and is issued by Strategy Inc (formerly MicroStrategy), the software company known for its Bitcoin treasury. Preferred stock is an equity instrument that carries priority over common shares in receiving dividends but usually offers no voting rights; STRC's dividend rate is variable and set periodically by the company.

The token is issued under the xStocks brand by Backed Assets (JE) Limited and is structured to be backed by the underlying security. Its CoinGecko listing shows Ethereum and Solana addresses, and xStocks data also lists networks such as Tron, TON, Arbitrum, BNB Chain and Mantle. Under xStocks rules, dividends paid on the underlying stock are added to the position rather than distributed to token holders in cash.

STRCx is not offered to US persons and is limited to eligible investors. The token price may diverge from the underlying preferred stock. The value shown on Lzzo.com is DefiLlama's US dollar reference price and is provided for information.