MicroStrategy (Ondo Tokenized Stock)

MicroStrategy (Ondo Tokenized Stock) is a token circulating under the symbol MSTRon that provides economic exposure to shares of Strategy Inc., traded on Nasdaq under the ticker MSTR. For many years the company developed business intelligence software under the name MicroStrategy, and in recent years it has become known for its strategy of accumulating Bitcoin on its balance sheet; its share price is therefore sensitive to the Bitcoin price. The token is issued by Ondo Global Markets (BVI) Limited.

MSTRon has the same structure as Ondo's other tokenized stocks: the underlying shares are held with US broker-dealers, an independent security agent acts on behalf of token holders, and any distributions are reflected in the token price. The token is not a Strategy share, carries no voting right and is not offered to persons in the United States; it is available on Ethereum, BNB Chain, Solana and HyperEVM. The MicroStrategy xStock and Strategy bStocks products in the catalogue track the same share through different issuers; each carries its own issuer risk.

Lzzo.com identifies MSTRon by issuer and Ethereum contract address and takes its price from the US dollar reference value that DefiLlama provides for that address. Because Bitcoin also trades at weekends, the token price can diverge noticeably from the share's last close while MSTR's exchange is closed.