The T-Rex 2X Long MSTR Daily Target ETF, a leveraged ETF that aims to provide twice the daily returns of MicroStrategy Inc. (MSTR), experienced a significant surge of 14.80% in pre-market trading on Monday.
This substantial upward movement can be attributed to MicroStrategy's continued buying spree of Bitcoin (BTC). According to reports, the software analytics company disclosed the purchase of an additional 1,070 BTC, valued at approximately $101 million, marking its ninth consecutive weekly Bitcoin acquisition.
As MicroStrategy's stake in Bitcoin continues to grow, investors are showing increased confidence in the company's long-term strategy, which is reflected in the performance of the leveraged ETF tracking its shares. The T-Rex 2X Long MSTR Daily Target ETF amplifies the daily returns of MicroStrategy, allowing investors to capitalize on the company's Bitcoin-driven momentum.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.