xStocks holds 55% of Strategy’s $473.4 million tokenized stock market
Photo: Crypto Briefing
The Backed Finance and Kraken-affiliated platform manages $261 million of on-chain exposure linked to Michael Saylor's Bitcoin treasury company Strategy Inc . has spent years becoming the stock market’s favorite way to own Bitcoin without owning Bitcoin. Now its shares have a second life on-chain, and one platform has claimed most of that territory. xStocks accounts for 55% of the tokenized market cap tied to Strategy, which stands at $473.4 million. That works out to $261 million of exposure sitting on a single platform. The tokenized value linked to Strategy totaled $473.4 million as of October 20, 2026.
Source: Crypto Briefing
