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What is Strategy PP Variable xStock Coin (STRCX): Top 5 Ways to Spend It in 2026
Strategy PP Variable xStock (STRCX) is a tokenised version of Stretch, the variable-rate perpetual preferred stock that Strategy Inc. lists on Nasdaq under the ticker STRC. The token is issued through xStocks, the tokenised equity platform that Kraken agreed to acquire in December 2025.
On 8 October 2026, STRCX became the largest tokenised stock in the world by on-chain value, moving ahead of the tokenised version of SpaceX.
But what can you really do with STRCX beyond holding it? Below, we cover five practical ways to use STRCX in 2026, from booking travel to buying gift cards. Travel is one of the most useful options. On Epic, STRCX holders can book hotels and flights at rates up to 30% cheaper than Booking.com. New users can also claim $25 off their first booking.
Key Takeaways
- Travel is the most practical use case for STRCX. Book hotels and flights with Epic at prices up to 30% lower than Booking.com. New users can also get $25 off their first booking.
- Inside the xStocks ecosystem, STRCX gives holders 1:1 exposure to Strategy's Stretch preferred stock and its monthly dividend. The ERC-20 token can also be traded on-chain at any time or used as DeFi collateral.
- STRCX holders can purchase physical collectibles on Polkastarter, from rare trading cards and graded items to sealed products and video games.
- Coinsbee opens up everyday purchases for STRCX holders, such as gift cards, prepaid products and mobile top-ups from over 5,000 brands.
- CoinTerminal gives STRCX holders access to early-stage token sales, with contributions starting at $100.
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What Is Strategy PP Variable xStock Coin (STRCX)?
Strategy PP Variable xStock (STRCX) is a tokenised version of Stretch, the Variable Rate Series A Perpetual Stretch Preferred Stock issued by Strategy Inc. Backed Assets (JE) Limited issues the token under the xStocks framework, and each STRCX is backed 1:1 by a real STRC share held by a custodian.
Strategy launched Stretch on Nasdaq in July 2025 at $90 per share. STRCX runs on Ethereum as an ERC-20 token and has been listed on CoinMarketCap since March 2026.
The token has no published maximum supply, with about 1.5 million in circulation and around 2.9 million in total. It trades on Kraken and OKX, and its main roles are tracking Stretch, passing on its dividend value, and serving as collateral in DeFi.
How Does Strategy PP Variable xStock Work?
xStocks works on a simple 1:1 model. For every STRCX in circulation, the issuer holds one matching STRC share with a third-party custodian, so the token follows the price of the Nasdaq-listed stock.
Stretch pays a monthly dividend at a variable rate that Strategy can adjust from month to month. The rate started at 9% a year when the stock launched in July 2025.
STRCX passes the economic value of the stock and its dividends on to holders, but it does not carry shareholder rights. As an ERC-20 token, it can be traded on-chain at any time, kept in a self-custody wallet, and used as collateral or liquidity in DeFi protocols.
What stands out to me about STRCX is that every token is matched by a real Stretch share held by a custodian. You get the economic value of the monthly dividend, and because it's an ERC-20 token, you can trade it at any hour, keep it in your own wallet or use it as collateral in DeFi.
1. Book Discounted Hotels and Flights With STRCX on Epic
Travel is one of the most useful ways to use STRCX outside its native ecosystem. The token also has a use case beyond just holding it, with Epic letting holders book hotels and flights at prices up to 30% cheaper than Booking.com.
The platform gives access to more than 2 million hotels and flights worldwide and supports over 200 cryptocurrencies alongside Visa, Mastercard, Apple Pay and Google Pay.
Epic also pays up to 8% cashback in XRP on every booking, giving frequent travellers one more way to save on hotels and flights.
New users can also get $25 off their first booking.
Epic is a good fit if you hold STRCX and travel now and then. You choose the hotel or the flight, pay with your STRCX at checkout, and it can come in up to 30% less than on Booking.com. The XRP cashback you get on each booking is a nice bonus.
Book your next hotel for up to 30% less
2. Buy Physical Collectibles With STRCX on Polkastarter
You can also use STRCX to buy physical collectibles through the Polkastarter marketplace. Its marketplace offers rare trading cards, graded items, sealed products, video games and other physical collectibles held in professional custody. Any purchased items can be shipped to you or sold back via the platform.
Polkastarter uses USDC as its balance currency on the marketplace, so STRCX holders will first need to convert their tokens to USDC before they fund their account.
You can check the Polkastarter marketplace to see what's currently available.
What I like about Polkastarter is that your STRCX can end up as something you can actually hold in your hands. If you collect trading cards or video games, you'll find them all in a single marketplace, and you can get your item shipped or sell it back later on.
3. Hold and Use STRCX As DeFi Collateral Across the xStocks Ecosystem
The most direct use for STRCX is inside xStocks, the tokenised equity platform it was issued on. Holders keep exposure to Strategy's Stretch preferred stock and its monthly dividend value while the token stays in their own wallet.
Unlike the share itself, which trades during Nasdaq hours, STRCX moves on-chain around the clock and trades on Kraken and OKX. Holders can also put it to work in DeFi, using it as collateral for loans or adding it to liquidity pools that support xStocks.
Kraken agreed to acquire Backed Finance, the Swiss company behind xStocks, in December 2025. By August 2026, STRCX was the largest token on xStocks by market value, and in October 2026 Strategy highlighted STRCX alongside MSTRx, the tokenised version of its common stock, on Ethereum.
STRCX is a good fit if you already do most of your investing on-chain. You can keep it in your own wallet, trade it at any hour and use it as collateral in DeFi, so it's working while you hold it. What you get out of it comes down to the protocols you use.
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4. Join Early-Stage Token Sales With STRCX on CoinTerminal
STRCX holders can also use their crypto to get into early-stage token sales through CoinTerminal, an open-access launchpad for investing in crypto projects before they are listed on exchanges. There are no token-staking requirements, and contribution sizes begin at $100.
STRCX is not accepted directly, so you will first need to swap it for USDT on OKX, where it trades as XSTRC. With the USDT in your wallet, you can use it to join an eligible sale. All launches are fully refundable, making the investment risk-free.
You can check CoinTerminal's explore page to see which token sales are currently open.
CoinTerminal is the one option on this list for early-stage token sales. You can join from $100 without staking or locking up any tokens first, and you get in while projects are still early. Contributions are refundable as well, which makes the investment process risk-free.
5. Buy Gift Cards and Mobile Top-Ups With STRCX on Coinsbee
Another option is swapping STRCX for crypto that can be spent on Coinsbee. The platform makes it easier to use crypto for everyday purchases, with gift cards, prepaid services and mobile top-ups from over 5,000 brands in 185+ countries.
Its range covers categories such as shopping, groceries, travel, food delivery, gaming and mobile services, and the platform supports more than 200 cryptocurrencies. Since STRCX is not accepted directly at checkout, you will first need to swap it for USDT on an exchange such as OKX. From there, pick a brand and the amount you need, pay with the converted crypto and get the digital code by email.
Browse the Coinsbee catalogue to see what is available in your country.
What stands out to me about Coinsbee is just how many brands it covers. With over 5,000 of them, you'll usually find a gift card for whatever you need, from groceries to gaming, and the code arrives by email. Just check what's available in your country before you pick one.
Sources
- Strategy PP Variable tokenized stock (xStock), Official xStocks website and STRCX ecosystem overview
- Crypto Reporter, Epic Transitions into the Travel Layer for Crypto, Bringing Real-World Utility to the Web3 Space
- Epic Travel on X, @EpicOnChain
- Binance Academy, What Is Epic Chain (EPIC)?
- Uphold, What Is EPIC?
- CoinMarketCap, Strategy PP Variable tokenized stock (xStock) (STRCX) price, market cap and live token data
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Adrian Baschuk is the chief executive officer of Epic. Adrian has spent two decades in media as a producer, journalist, and founder, and has worked in crypto since 2017. He was a founding partner at Crypto Banter, worked on CNBC's Crypto Trader, and has produced and reported for CNN, Current TV, and Discovery.
His television production credits include Disengagement, South Beach Tow, and Kart Life. He became CEO of Epic in 2025 and leads the company's move into travel, building the first travel layer for crypto.
Based in Miami, Adrian earned a bachelor's degree in international relations from Tufts University.
Frequently Asked Questions
xStocks are tokenised versions of US stocks and ETFs, each backed 1:1 by shares held in custody. Backed Finance launched the platform on Solana in mid-2025, and Kraken agreed to acquire it in December 2025. Holders use xStocks such as STRCX for on-chain trading at any time, self-custody, and collateral or liquidity in DeFi.
Tokenised stocks such as STRCX can be traded on-chain at any time, while the underlying shares trade only in market hours. They can be held in self-custody wallets, used in DeFi, and give users outside the US access to US-listed securities without a traditional brokerage account. The trade-off is that they carry no shareholder rights.
Yes. xStocks such as STRCX pass the economic value of the underlying dividends on to holders, though not shareholder rights. Stretch (STRC) pays a monthly dividend at a variable rate set by Strategy, which started at 9% a year in July 2025 and was raised to 10.50% from November 2025.
Yes. On Epic, you can use STRCX to book hotels and flights at rates up to 30% cheaper than Booking.com. The platform supports more than 200 cryptocurrencies alongside Visa, Mastercard, Apple Pay and Google Pay, and pays up to 8% cashback in XRP on bookings. New users can also get $25 off their first booking.
Found a hotel you like? Book it for up to 30% less
Found a hotel you like? Book it for up to 30% less
