Stock Track | Defiance Daily Target 2X Long MSTR ETF Soars 14.8% in Pre-Market on MicroStrategy's Potential Bitcoin Purchase

Stock Track

Nov 25, 2024

The Defiance Daily Target 2X Long MSTR ETF (MSTX) surged 14.8% in pre-market trading on Monday, November 25th, 2024. This leveraged ETF aims to provide two times the daily returns of MicroStrategy Inc. (MSTR), the largest corporate holder of Bitcoin.

The pre-market rally in MSTX came on the heels of reports that MicroStrategy is expected to unveil a fresh purchase of Bitcoin within the next few days, using proceeds from a $3 billion convertible bond sale that closed on Friday. The bond sale was boosted in size from $2.6 billion due to strong investor demand.

MicroStrategy, which held 331,200 coins as of November 17th, has been on a bitcoin buying spree during November. The company's continued investment in the world's largest cryptocurrency has been seen as a positive move by investors, as it aligns MicroStrategy's fortunes with the potential growth of Bitcoin.

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This leveraged ETF aims to provide two times the daily returns of MicroStrategy Inc. (MSTR), the largest corporate holder of Bitcoin.</p>\n\n<p>The pre-market rally in MSTX came on the heels of reports that MicroStrategy is expected to unveil a fresh purchase of Bitcoin within the next few days, using proceeds from a $3 billion convertible bond sale that closed on Friday. The bond sale was boosted in size from $2.6 billion due to strong investor demand.</p>\n\n<p>MicroStrategy, which held 331,200 coins as of November 17th, has been on a bitcoin buying spree during November. The company's continued investment in the world's largest cryptocurrency has been seen as a positive move by investors, as it aligns MicroStrategy's fortunes with the potential growth of Bitcoin.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MSTX","symbol_name":"2倍做多MSTR ETF-Defiance","start_time":0,"source_url":"","article_id":"1108135818","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1108135818","pubTimestamp":1732531095,"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  surged 14.8% in pre-market trading on Monday, November 25th, 2024. 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