Strategy launches $MSTR token on Solana via Sunrise gateway

Strategy, the company formerly known as MicroStrategy that has essentially become a publicly traded Bitcoin vault, now has its stock tokenized and live on Solana. The $MSTR token launched on July 28 through the Sunrise gateway, letting traders swap the tokenized equity instantly and without fees on Solana’s decentralized exchanges. The token was issued by Backpack Securities and is immediately accessible through DEXes and aggregators across the Solana ecosystem. Early trading volume hit $36 million within the first 24 hours. What Sunrise actually does Spearheaded by Wormhole Labs, the infrastructure layer debuted publicly in November 2025 and serves as Solana’s primary gateway for external assets, including tokenized equities. Sunrise provides native liquidity through its own DEX and partnerships with platforms like Jupiter, Solana’s dominant swap aggregator. $MSTR isn’t the first tokenized equity to launch through this pipeline. Backpack Securities has previously issued tokenized shares of companies like Micron ($MU) and Robinhood ($HOOD), building cumulative trading volumes that now exceed $1.8 billion across its tokenized asset offerings. Why $MSTR is different from every other ...