Apyx expands STRC’s share of Strategy to $29M, targets senior management position

Apyx, a dividend-based stablecoin protocol, acquired an additional 33,888 shares of STRC’s preferred stock instrument, bringing its total value to 288,888 shares valued at approximately $29 million.

We just bought more $STRC ❗️

After buying an additional 33,888 shares, Apyx now owns 288,888 shares. $STRC.

The benefit of advanced digital credit is now onchain.
Also coming stablecoins & farming harvest. pic.twitter.com/Irfxw3HydJ

– Apyx (@apyx_fi) March 18, 2026

Stacking is part of the protocol’s stated desire to be the largest owner of STRC.

The purchase comes one week after Apyx added 200,000 shares of STRC to its holdings, a pace of accumulation that accelerated in mid-March.

Today we bought another 200,000 $STRC shares.

That brings Apyx’s total to 255,000 $STRC.

Stay tuned, because more is coming… pic.twitter.com/lmT4XhXITI

– Apyx (@apyx_fi) March 11, 2026

Strategy, a business software company that has turned itself into a Bitcoin treasury vehicle with more than 761,000 Bitcoins under management, issued STRC in July 2025 as a preferred equity instrument designed to support ongoing Bitcoin purchases while providing investors with an 11.5% annual dividend.

For Apyx, STRC holdings is the collateral backing its stablecoin apxUSD, a structure that turns ordinary business dividend payments into on-chain yield opportunities.

The protocol recently received custody support from BitGo, an institutional digital asset custodian, allowing large investors to access apxUSD through a regulated infrastructure.

According to the data shared by the protocol, Apyx maintains about 104% overcollateralization in its stablecoin offering.

STRC manages Strategy’s Bitcoin funding

The timing of Apyx’s fundraising coincides with a change in the way Strategy funds Bitcoin purchases. STRC funding accounted for about 75% of Strategy’s recent Bitcoin acquisitions, up from just 3% about three weeks ago. That transaction saw the Strategy send $1.18 billion raised through the sale of STRC to acquire Bitcoin, with common stock offerings contributing another $396 million. The company’s total Bitcoin Holdings now represent about 3.4% of assets that reached 21 million.

Trading activity at STRC has developed around these events. On March 10, the security firm recorded its largest single-day volume of $409 million.

Stablecoin growth that yields yield

The broad-yielding stablecoin sector has risen to $22.7 billion in market value by March 2026.

JPMorgan research suggests that this category is growing 15 times faster than traditional coins such as Tether’s USDT or Circle’s USDC. JPMorgan analysts project stablecoins that generate yield may end up capturing a portion of the total stablecoin market, which may exceed $150 billion.

Apyx has closed a $300 million round of funding, raising capital in less than two months. Public data shows that the protocol grew its STRC-backed stablecoin to more than $50 million in distribution within weeks of its launch.

Risks associated with strong Bitcoin exposure

STRC effectively represents Bitcoin exposure compounded as a fixed income product. If Bitcoin prices drop significantly, Strategy may face pressure to increase dividend payout ratios to maintain STRC’s attractiveness, which could strain the company’s finances.

There is also the concern of amortization associated with collateral designed to support ongoing purchases of assets through ongoing issuance.