MicroStrategy
MSTRx/USDTOKEN-2022- MSTRx is issued by xStocks. It tracks MSTR but doesn't make you a shareholder: no voting rights, and your claim is defined by the issuer's terms.
- The token trades 24/7 while MSTR keeps exchange hours, so its price can drift from the reference outside market hours.
- Onchain, the issuer can move or burn tokens from any wallet (permanent delegate), freeze accounts, pause all transfers.
Signed trades are final. Not investment advice.
Issuer controls (authorities, delegate, pause) are normal for regulated tokens but let the issuer act on balances. See Risks.
About MicroStrategy
MicroStrategy (MSTR) — shares listed on Nasdaq Stock Market. This token is issued by xStocks and tracks the economic value of the underlying security.
- Underlying
- MicroStrategy
- Underlying ticker
- MSTR
- Listing venue
- Nasdaq Stock Market
- Underlying ISIN
- US5949724083
Token vs. underlying
About the issuer
xStocks are tracker certificates issued by Backed Assets (JE) Limited, a Jersey special purpose vehicle registered with the Jersey Financial Services Commission. Each xStock is designed to track the economic value of one underlying stock or ETF and is collateralized 1:1 by that asset, held with regulated custodians in segregated accounts.
Tokenized asset
- Token
- MicroStrategy xStock (MSTRx)
- Issuer
- xStocks — Backed Assets (JE) Limited
- Blockchain
- Solana
- Mint address
XsP7xzNPvEHS1m6qfanPUGjNmdnmsLKEoNAnHjdxxyZ- Token standard
- SPL Token-2022
- Decimals
- 8
- Token extensions
- Metadata pointerPermanent delegateDefault account stateScaled UI amountPausableConfidential transfersTransfer hookToken metadata
- Issuer controls
- Permanent delegate (can transfer or burn from any account), freeze authority, pause authority. Read from the onchain mint account.
- Structure
- Tracker certificate (bearer debt instrument) issued by Backed Assets (JE) Limited. It provides economic exposure to the underlying and is not direct equity ownership; it does not confer shareholder voting rights.
- Backing
- Fully collateralized 1:1 by the underlying security, held with regulated custodians and brokers in dedicated, segregated sub-accounts with no commingling between products. A three-party Account Control Agreement with an independent Security Agent governs the collateral accounts.
- Issuance & redemption
- Issuance and redemption happen in the primary market directly with the issuer and require KYC/AML onboarding. Primary issuance and redemption operate 24/5, aligned with the underlying market. Trading on the platform is secondary-market trading and does not involve the issuer.
- Dividends & splits
- Dividends (net of applicable withholding taxes) are reinvested and stock splits are applied through an onchain multiplier. On Solana the raw token balance stays constant and the multiplier is stored in the mint's Scaled UI Amount extension; wallets apply it to display the balance.
- Liquidity
- Deepest pool: raydium · SOL · $806.38K. Total routable liquidity $1.21M. A $10k test buy had -1.94% price impact.Snapshot from 2026-09-23. The platform only lists assets with at least $50k of liquidity.
- Explorer
- View on Solscan
- Verification
- Mint verified on 2026-09-23 against xStocks public assets API and Onchain mint account. Verification details →
Important information
- Geographic restrictions
Per the issuer, xStocks are not marketed, offered, or solicited in the United States, to U.S. Persons, or in any other prohibited jurisdiction. Other jurisdictions may classify them differently, including as crypto assets.
- Market & pricing
Secondary-market prices on Solana are set by onchain liquidity and can differ from the underlying's exchange price, especially outside the underlying market's trading hours.
- Not the underlying
MSTRx is a token issued by a third party. Its price is set by onchain markets and is not automatically identical to the price of MSTR.
- Execution
Swaps are routed across Solana liquidity venues for the best available price. The platform does not custody funds or act as a counterparty.
Information on this page is sourced from issuer documentation and onchain data. It is not investment, legal or tax advice. Review the issuer's terms before trading.