Question 1

What is MSTRX?

Accepted Answer

MSTRX is a blockchain-based representation of MicroStrategy Inc. (MSTR) stock. This token allows you to invest in MicroStrategy shares through the crypto ecosystem. Each MSTRX token is backed one-for-one by physical MSTR shares held by a regulated custodian, Backed Finance.

Question 2

What is the difference between MSTRX and traditional MSTR stock?

Accepted Answer

The primary difference lies in their format and trading mechanism. MSTRX is a crypto token that can be traded 24 hours a day, 7 days a week, on platforms like Mobee. In contrast, traditional MSTR stock is traded on stock exchanges during specific market operating hours. It's important to note that holding MSTRX does not grant shareholder rights such as voting rights or dividends, unlike holding original MSTR stock.

Question 3

How does MSTRX reflect the MSTR stock price?

Accepted Answer

The price of MSTRX is designed to track the price of MSTR stock. This is because each MSTRX token is fully collateralized by one MSTR share, held as the underlying security. This mechanism ensures that the value of MSTRX tokens will always be closely linked to the performance of MicroStrategy's stock in the traditional market. It is worth noting that MSTR's stock price is heavily influenced by the price of Bitcoin, as MicroStrategy is a major corporate holder of Bitcoin.

Question 4

Where can I buy MSTRX?

Accepted Answer

You can easily purchase MSTRX on the Mobee app. Mobee is an Indonesian digital asset exchange that provides features for investing in tokenized US stocks, including MSTRX. Through Mobee, you can start investing in MicroStrategy stock with a small capital, at any time, and with flexible payment options.

Question 5

Is investing in MSTRX the same as investing in MicroStrategy stock?

Accepted Answer

Not entirely. Investing in MSTRX provides you with exposure to the price movements of MicroStrategy stock, but you do not hold direct ownership of the MicroStrategy shares themselves. You are investing in a token that represents the value of the stock, not the physical MicroStrategy shares.

Question 6

Is MSTRX available to everyone?

Accepted Answer

MSTRX has geographical availability restrictions. This token is specifically designed for users outside the United States, including Indonesia. Its purpose is to overcome the geographical barriers and trading hour limitations present in traditional stock markets.

Question 7

What are the risks of investing in MSTRX?

Accepted Answer

Although backed by real stock, MSTRX remains a crypto asset and, like other crypto assets, carries the potential for high price volatility. Other risks to consider include regulatory risks, market risks, and reliance on the custodian holding the physical shares. Furthermore, since MicroStrategy's stock price is heavily dependent on the price of Bitcoin, the volatility of MSTRX will be significantly influenced by Bitcoin price fluctuations.