Stock Track | T-Rex 2X Long MSTR Daily Target ETF Plummets 10.14% as MicroStrategy's Bitcoin Bet Falters

Stock Track

01-21

The T-Rex 2X Long MSTR Daily Target ETF, which tracks MicroStrategy's stock performance, plummeted 10.14% in intraday trading on Tuesday. This decline was fueled by a drop in MicroStrategy's stock price, as the company's heavy investment in Bitcoin failed to pay off amid President Trump's silence on cryptocurrency plans during his inaugural address.

MicroStrategy, a software intelligence firm, has been aggressively acquiring Bitcoin in recent years, holding over 461,000 Bitcoins worth around $48 billion as of Monday. However, despite Trump's campaign promises of a "golden age" for cryptocurrency and talk of a strategic Bitcoin reserve, his inaugural address did not mention any plans for cryptocurrencies.

The lack of clarity on the new administration's stance on Bitcoin and cryptocurrencies led to uncertainty among investors, causing MicroStrategy's stock, and consequently the T-Rex 2X Long MSTR Daily Target ETF, to decline sharply. Investors had been anticipating potential policy changes or initiatives that could boost the value of MicroStrategy's Bitcoin holdings, but the absence of any such announcements during Trump's speech appears to have dampened their expectations.

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Investors had been anticipating potential policy changes or initiatives that could boost the value of MicroStrategy's Bitcoin holdings, but the absence of any such announcements during Trump's speech appears to have dampened their expectations.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MSTU","symbol_name":"T-Rex 2X Long MSTR Daily Target ETF","start_time":0,"source_url":"","article_id":"1128592035","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1128592035","pubTimestamp":1737471503,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"The T-Rex 2X Long MSTR Daily Target ETF, which tracks MicroStrategy's stock performance, plummeted 10.14% in intraday trading on Tuesday. 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This decline was fueled by a drop in MicroStrategy's stock price, as the company's heavy investment in Bitcoin failed to pay off amid President Trump's silence on cryptocurrency plans during his inaugural address.\nMicroStrategy, a software intelligence firm, has been aggressively acquiring Bitcoin in recent years, holding over 461,000 Bitcoins worth around $48 billion as of Monday. However, despite Trump's campaign promises of a \"golden age\" for cryptocurrency and talk of a strategic Bitcoin reserve, his inaugural address did not mention any plans for cryptocurrencies.\nThe lack of clarity on the new administration's stance on Bitcoin and cryptocurrencies led to uncertainty among investors, causing MicroStrategy's stock, and consequently the T-Rex 2X Long MSTR Daily Target ETF, to decline sharply. 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