Stock Track | T-Rex 2X Long MSTR Daily Target ETF Soars 5.20% After-Hours as MicroStrategy Buys More Bitcoin

Stock Track

01-14

The T-Rex 2X Long MSTR Daily Target ETF (MSTU) surged 5.20% in after-hours trading on Monday. This move came after news that MicroStrategy (MSTR), the company MSTU aims to track with 2x leverage, made another substantial purchase of Bitcoin.

According to reports, MicroStrategy acquired an additional 2,530 Bitcoins for $243 million at an average price of $95,972 per BTC. This purchase increased MicroStrategy's total Bitcoin holdings to 450,000 BTC, worth around $41 billion at current prices.

MicroStrategy's ongoing commitment to accumulating Bitcoin as a long-term investment strategy appears to be boosting investor confidence in the company and driving up its stock price. As a leveraged ETF designed to deliver twice the daily returns of MSTR shares, the T-Rex 2X Long MSTR Daily Target ETF (MSTU) saw an amplified 5.20% surge in after-hours trading in response to MicroStrategy's latest Bitcoin purchase.

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