Apyx expands STRC share of Strategy to $29M, seeks to own top bidders

Apyx, which is backed by a stablecoin protocol, also acquired 33,888 shares of Strategy’s STRC favorite, bringing its total stake to 288,888 shares worth about $29 million.

We just bought more $STRC ❗️

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

Digital credit promotion is now onchain.
And it’s coming to stablecoins & crop farming. pic.twitter.com/Irfxw3HydJ

– Apyx (@apyx_fi) March 18, 2026

This stack is part of the protocol’s ambition to become the largest STRC.

The purchase comes a week after Apyx added 200,000 shares of STRC to its holdings, the most recent increase in March.

Today we bought another 200,000 $STRC parts.

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

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

– Apyx (@apyx_fi) March 11, 2026

Strategy, a business software company that has transformed itself into a Bitcoin wealth storage vehicle with more than 761,000 Bitcoins in cash, issued STRC in July 2025 as a tool designed to support ongoing Bitcoin purchases while offering a return of 11.5%.

For Apyx, STRC Holdings is the collateral behind the stablecoin apxUSD, a process that turns the company’s digital payments into a profitable opportunity.

Recently the scheme has received security support from BitGo, a digital asset manager, allowing more investors to access apxUSD using the infrastructure.

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

STRC manages Strategy’s Bitcoin funds

The timing of Apyx’s accumulation coincides with a shift in Strategy’s funding strategy for Bitcoin. STRC funds accounted for about 75% of the Strategy’s most recent earnings, up from just 3% about three weeks ago. The deal saw Strategy use the $1.18 billion raised through the STRC auction to buy Bitcoin, with the general offering providing $396 million. The company as a whole Bitcoin Holdings now represents about 3.4% of the assets of the caped 21 million coins.

Business activities at STRC have grown accordingly. On March 10, the security recorded a one-day high of $409 million.

Stablecoin price changes

The stablecoin’s largest share of yield rose to $22.7 billion in total market capitalization by March 2026.

JPMorgan’s research shows that the group is growing 15 times faster than traditional currencies like Tether’s USDT or Circle’s USDC. JPMorgan researchers predict that stablecoins that are profitable could account for half of the entire stablecoin market, which could exceed $150 billion in capitalization.

Apyx closed a $300 million round, raising funds in less than two months. Community data shows that the scheme has grown its STRC-backed stablecoin to $50 million in circulation within weeks.

Risks associated with exposure to Bitcoin

STRC effectively represents the exposure of Bitcoin that is created as a fixed asset. If Bitcoin prices drop significantly, Strategy may face pressure to raise share prices to maintain STRC’s attractiveness, which could harm the company’s finances.

There are also concerns about the lack of security that is created to finance continuous purchases through continuous issuance.