The securities behind the largest Bitcoin treasury accumulations of this cycle are not just moving BTC onto corporate balance sheets. They are becoming the collateral layer for a new category of on-chain asset.
Apyx backs its stablecoins directly with dividend-bearing preferred shares from publicly listed Bitcoin treasury companies, including STRC and SATA. The yield is not algorithmic or based on an emissions schedule, it comes from the dividends of Nasdaq-listed securities, distributed on-chain to token holders as those dividends are paid.
Today, Apyx joins BitcoinTreasuries.net as a preferred DAT-Backed Stablecoin Yield Partner and the official sponsor of our daily Bitcoin Treasuries livestreams on X.
What Apyx has built
Apyx separates stability from yield through a dual-asset structure.
apxUSD is the protocol's synthetic dollar, overcollateralized by dividend-bearing preferred shares from publicly listed Bitcoin treasury companies including Strategy. Holders maintain a stable, liquid position with a margin of safety built into the collateral structure.
apyUSD is the yield-bearing instrument. As the underlying preferred shares pay dividends, those cash flows are distributed to apyUSD holders through a continuously increasing exchange rate, grounded in the dividend schedules of publicly traded securities, not protocol incentives.
The collateral is publicly traded and subject to regulatory oversight. Daily dashboards and third-party attestation let holders track the underlying reserves and their position in real time.
As of this past week Apyx has accumulated over $288 million in STRC as part of its collateral backing, and that figure is still growing.
Why it fits here
Digital credit instruments have been a major driver of recent bitcoin accumulation. They are now serving as the foundation of an emerging ecosystem, pioneered by companies like Apyx.
The yield comes from Nasdaq-listed DAT companies, which means the income source is publicly traded and subject to regulatory oversight. Because the yield derives from equity dividends rather than crypto market dynamics, it adds a level of security and transparency that previously was not available.
"As Bitcoin treasury companies scale their balance sheets through increasingly sophisticated instruments, the ecosystem around them is maturing in parallel," said Pete Rizzo, President of BitcoinTreasuries.net. "Apyx represents exactly that kind of innovation, bringing transparency and yield on-chain while remaining grounded in public market structures."
Follow the livestreams
Our daily Bitcoin Treasuries livestreams on X track the biggest Bitcoin buys in real time — STRC, SATA, and the digital credit ecosystem behind them. Apyx is now the official streaming sponsor.
Follow @btctreasuries and turn on notifications. Learn more about Apyx at apyx.fi.
BitcoinTreasuries.net works with a select group of preferred partners across key Bitcoin treasury and institutional categories. Organizations interested in partnership opportunities can reach out directly.
Onward,
The BitcoinTreasuries.net Team
Sponsored content. This article was produced in partnership with Apyx.
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