The T-Rex 2X Long MSTR Daily Target ETF, a leveraged ETF that aims to provide twice the daily returns of MicroStrategy Inc. (MSTR), experienced a significant surge of 14.80% in pre-market trading on Monday.
This substantial upward movement can be attributed to MicroStrategy's continued buying spree of Bitcoin (BTC). According to reports, the software analytics company disclosed the purchase of an additional 1,070 BTC, valued at approximately $101 million, marking its ninth consecutive weekly Bitcoin acquisition.
As MicroStrategy's stake in Bitcoin continues to grow, investors are showing increased confidence in the company's long-term strategy, which is reflected in the performance of the leveraged ETF tracking its shares. The T-Rex 2X Long MSTR Daily Target ETF amplifies the daily returns of MicroStrategy, allowing investors to capitalize on the company's Bitcoin-driven momentum.
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