Stock Track | T-Rex 2X Long MSTR Daily Target ETF Soars 5.33% on MicroStrategy's Massive Bitcoin Acquisition

Stock Track

2024-12-03

The T-Rex 2X Long MSTR Daily Target ETF (MSTU), an exchange-traded fund designed to provide leveraged exposure to the performance of MicroStrategy (MSTR), surged 5.33% in Tuesday's pre-market trading session. This rally was fueled by MicroStrategy's aggressive Bitcoin accumulation strategy and the potential for further upside in the cryptocurrency's price.

MicroStrategy, a software company that has transformed itself into a Bitcoin buying machine, announced earlier today that it had purchased an additional 15,400 bitcoins for approximately $1.5 billion. This latest acquisition brings MicroStrategy's total Bitcoin holdings to over 402,000 BTC, worth a staggering $38.4 billion at current prices.

The company's relentless buying spree has fueled a remarkable rally in its stock price, with investors betting on the potential upside as Bitcoin gains mainstream adoption and institutional interest. As MSTU aims to provide twice the daily returns of MicroStrategy's stock price movements, the ETF benefited from the company's aggressive Bitcoin accumulation strategy and the resulting optimism surrounding the cryptocurrency's future.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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As MSTU aims to provide twice the daily returns of MicroStrategy's stock price movements, the ETF benefited from the company's aggressive Bitcoin accumulation strategy and the resulting optimism surrounding the cryptocurrency's future.</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":"1167527139","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1167527139","pubTimestamp":1733238500,"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 , an exchange-traded fund designed to provide leveraged exposure to the performance of MicroStrategy , surged 5.33% in Tuesday's pre-market trading session. 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