Stock Track | Defiance Daily Target 2X Long MSTR ETF Soars 5% After Hours Following MicroStrategy's Bitcoin Yield Report

Stock Track

2024-12-24

The Defiance Daily Target 2X Long MSTR ETF (MSTX) rallied 5.02% in after-hours trading on Monday, following positive news from its underlying holding, MicroStrategy (MSTR).

MicroStrategy, the largest publicly-traded corporate holder of Bitcoin, announced that it had achieved a Bitcoin Yield of 47.4% for the fourth quarter of 2024 and an impressive 73.7% for the full year. Additionally, the company disclosed that it had increased its Bitcoin holdings, further solidifying its commitment to the cryptocurrency.

As a leveraged ETF that aims to provide twice the daily returns of MicroStrategy's stock, MSTX's after-hours surge reflects investors' optimism about MicroStrategy's strong Bitcoin performance and its potential impact on the company's financial results and stock valuation.

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Additionally, the company disclosed that it had increased its Bitcoin holdings, further solidifying its commitment to the cryptocurrency.A","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"MicroStrategy发布比特币收益率报告后，Defiance Daily Target 2倍多头MSTR ETF盘后飙升5%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MSTX":1},"content_text":"The Defiance Daily Target 2X Long MSTR ETF (MSTX) rallied 5.02% in after-hours trading on Monday, following positive news from its underlying holding, MicroStrategy (MSTR).\nMicroStrategy, the largest publicly-traded corporate holder of Bitcoin, announced that it had achieved a Bitcoin Yield of 47.4% for the fourth quarter of 2024 and an impressive 73.7% for the full year. 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