Stock Track | Defiance Daily Target 2X Long MSTR ETF Surges 5.24% After MicroStrategy Adds Over 2,500 Bitcoins

Stock Track

01-14

The Defiance Daily Target 2X Long MSTR ETF (MSTX) saw a strong 5.24% surge in after-hours trading on Tuesday, following a major bitcoin purchase by MicroStrategy, the company whose stock is tracked by the leveraged ETF.

MicroStrategy announced that it had acquired an additional 2,530 bitcoins for around $243 million at an average price of $95,972 per coin. This purchase brings MicroStrategy's total bitcoin holdings to 450,000 bitcoins valued at approximately $41 billion based on current prices.

As a leveraged ETF that aims to provide 2x the daily returns of MicroStrategy's stock price, MSTX rallied sharply as investors reacted positively to the company's continued commitment to accumulating bitcoin as a reserve asset. MicroStrategy, led by CEO Michael Saylor, has been steadily adding to its bitcoin position over the past few years despite volatility in the crypto markets.

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MicroStrategy, led by CEO Michael Saylor, has been steadily adding to its bitcoin position over the past few years despite volatility in the crypto markets.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MSTX","symbol_name":"Defiance Daily Target 2X Long MSTR ETF","start_time":0,"source_url":"","article_id":"1164608992","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1164608992","pubTimestamp":1736842586,"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 Defiance Daily Target 2X Long MSTR ETF  saw a strong 5.24% surge in after-hours trading on Tuesday, following a major bitcoin purchase by MicroStrategy, the company whose stock is tracked by the leveraged ETF.MicroStrategy announced that it had acquired an additional 2,530 bitcoins for around $243 million at an average price of $95,972 per coin. This purchase brings MicroStrategy's total bitcoin holdings to 450,000 bitcoins valued at approximately $41 billion based on current prices.As a lev","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MSTX":"Defiance Daily Target 2X Long MSTR ETF"},"translate_title":"MicroStrategy增加超过2,500个比特币后，Defiance Daily Target 2倍多头MSTR ETF飙升5.24%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MSTX":1},"content_text":"The Defiance Daily Target 2X Long MSTR ETF (MSTX) saw a strong 5.24% surge in after-hours trading on Tuesday, following a major bitcoin purchase by MicroStrategy, the company whose stock is tracked by the leveraged ETF.\nMicroStrategy announced that it had acquired an additional 2,530 bitcoins for around $243 million at an average price of $95,972 per coin. 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