Tokenized Strategy Inc. (MSTR)
Strategy Inc. (MSTR) is available onchain as 1 tokenized version, issued by Robinhood and trading on Robinhood Chain. Every version is a separate token with its own contract address, and 1inch routes it like any other token.
Every version listed here is issued against shares held by a custodian, so the token's value follows MSTR through the issuer rather than through a synthetic position.
Holding one of these tokens is not the same as owning Strategy Inc. itself. There are no voting rights, no dividend entitlement by default, and no shareholder registration — what you hold is a token whose price tracks MSTR, subject to the issuer's terms.
Every tokenized MSTR version on 1inch
Different issuers tokenize the same asset in different ways. Symbols, networks and backing structures differ, so the version you pick decides which issuer you are exposed to and where the token settles.
| Token | Issuer | Network | Backing | Price | 24h | Trade |
|---|---|---|---|---|---|---|
| MSTR | Robinhood | Robinhood | Backed by custodied shares | — | — | Swap |
Strategy Inc., the former MicroStrategy, pairs an enterprise analytics software business with the largest corporate bitcoin treasury, funded by repeated equity and debt issuance. Tokenized MSTR on Robinhood Chain, tradable through 1inch, tracks a share that many treat as amplified bitcoin exposure.
Strategy Inc. at a glance
- Listed on
- Nasdaq
- Sector
- Bitcoin treasury and analytics software
- Founded
- November 1989 (as MicroStrategy)
- Headquarters
- Tysons Corner, Virginia
- CEO
- Phong Le
- IPO
- June 1998 (as MicroStrategy)
- Index membership
- Nasdaq-100
What is Strategy Inc.?
Michael Saylor co-founded MicroStrategy in 1989 as a business-intelligence software company in Virginia. Since August 2020 it has directed its balance sheet into bitcoin, completed a rebrand to Strategy in 2025, and now describes itself as the world's first bitcoin treasury company. Phong Le serves as president and CEO, with Saylor as executive chairman.
The scale of the treasury defines the stock. Strategy's fourth-quarter 2025 results, furnished to the SEC in February 2026, put holdings at 713,502 bitcoin as of February 1, 2026, acquired for $54.3 billion, alongside the continuing software business. MSTR trades on Nasdaq, where it joined the Nasdaq-100 in December 2024, and the company also lists several bitcoin-backed preferred instruments.
How Strategy Inc. is tokenized
Tokenized MSTR follows Robinhood's standard Stock Tokens construction: Robinhood Assets (Jersey) Limited issues an ERC-20 on Robinhood Chain, backs circulating tokens with custodied MSTR shares, and leaves holders with a debt security of the issuer that shadows the share price. No common-stock dividend exists to feed the ERC-8056 multiplier, though the mechanism would capture any split, like the ten-for-one of August 2024.
The result is a double wrapper: bitcoin exposure inside a Nasdaq share inside a token. Each layer keeps its own terms, so the token responds to MSTR's equity price, which itself trades at shifting premiums or discounts to the value of the company's bitcoin, a relationship the market reprices constantly.
What you can do with tokenized MSTR
Some holders want equity-style bitcoin exposure without leaving on-chain rails, and tokenized MSTR serves exactly that corner: it swaps through 1inch on Robinhood Chain, sits in self-custody, and trades in hours when Nasdaq is dark, all while referencing a share whose behavior is tied to bitcoin's.
Tokenized MSTR risks and considerations
MSTR amplifies bitcoin's moves through leverage and premium dynamics, and the token amplifies MSTR's risk list: the Jersey issuer's solvency, token-contract failure and shallow on-chain books all come before the equity's own volatility. The share's premium to its bitcoin holdings can compress abruptly, dilution from ongoing capital raises is a structural feature, and around-the-clock token pricing meets a stock that gaps hard at Nasdaq opens. Voting rights stay with the custodied shares, concentrated further by the company's dual-class structure.
Official Strategy Inc. links
How much bitcoin does Strategy hold?
Its fourth-quarter 2025 results, furnished to the SEC in February 2026, disclosed 713,502 bitcoin held as of February 1, 2026, at a $54.3 billion aggregate cost. The company updates holdings in periodic SEC filings as it continues acquiring.
Why did MicroStrategy change its name to Strategy?
The company completed the rebrand during 2025 to reflect what its own annual report calls its evolution into a bitcoin treasury company, with the software business continuing under the shorter name. The ticker stayed MSTR.
Is tokenized MSTR the same as holding bitcoin?
No. It tracks a share whose value is linked to, but not identical with, the company's bitcoin: corporate leverage, share issuance and the market's premium or discount all sit between the token and the asset it is often used to approximate.
Does holding tokenized MSTR mean I own Strategy Inc. shares?
No. These tokens give price exposure to Strategy Inc., not legal ownership of the underlying. The issuer holds whatever backs the token and defines what a holder is entitled to, so read that issuer's terms rather than assuming the rights that come with a brokerage share.
Can I trade tokenized MSTR around the clock?
The token itself transfers whenever the network is running, but its price reference comes from a market with opening hours. Outside those hours some issuers pause trading while others keep quoting, so a token can be transferable while not being tradable. 1inch reflects the issuer's current state on the swap form.
Who can trade tokenized MSTR?
The issuer decides, not 1inch. Each of the Robinhood tokens enforces its own eligibility at the token or contract level, which can mean allowlists, verification, or jurisdictional limits. 1inch is a non-custodial aggregation and execution layer: it does not issue these tokens, hold the underlying, or run identity checks.
How is a tokenized MSTR token different from the share?
The price should track MSTR closely, but the wrapper changes what you hold. A tokenized version settles onchain in minutes, can be self-custodied, and is divisible to many decimal places. It also adds the issuer's solvency and the smart contract itself as risks that a brokerage share does not carry, and liquidity onchain is thinner than on the listing exchange.
Sources
- Strategy corporate site
- Strategy filings on SEC EDGAR (CIK 0001050446)
- Strategy Q4 2025 results press release: holdings of 713,502 BTC
- Robinhood Chain Stock Tokens documentation
Content reviewed July 26, 2026