Stock Track | Defiance Daily Target 2X Long MSTR ETF Soars 5.3% in Pre-Market as MicroStrategy Purchases More Bitcoin

Stock Track12-03

The Defiance Daily Target 2X Long MSTR ETF (MSTX), a leveraged ETF tracking MicroStrategy stock, surged 5.3% in the pre-market session on Tuesday. This rally was triggered by MicroStrategy's announcement of acquiring an additional 51,780 bitcoins worth approximately $4.6 billion over the past week.

MicroStrategy, the enterprise software company, has been aggressively accumulating bitcoin, and its latest purchase brings its total bitcoin holdings to a staggering 331,200 bitcoins, valued at over $30 billion at current prices. The company funded this massive bitcoin acquisition by issuing 13.6 million shares under an At-the-Market Sales Agreement, which allows MicroStrategy to sell up to $21 billion in shares for funding its bitcoin investments.

As MicroStrategy continues to double down on its bitcoin strategy, its stock price has soared, directly impacting the value of the MSTX ETF, which provides 2x the daily returns of MicroStrategy stock. The ETF's amplified exposure to MicroStrategy's fortunes has made it an attractive investment for traders bullish on bitcoin and the company's prospects.

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This rally was triggered by MicroStrategy's ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\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":"1123619632","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1123619632","pubTimestamp":1733238504,"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 , a leveraged ETF tracking MicroStrategy stock, surged 5.3% in the pre-market session on Tuesday. This rally was triggered by MicroStrategy's announcement of acquiring an additional 51,780 bitcoins worth approximately $4.6 billion over the past week.MicroStrategy, the enterprise software company, has been aggressively accumulating bitcoin, and its latest purchase brings its total bitcoin holdings to a staggering 331,200 bitcoins, valued at over $30 bill","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MSTX":"Defiance Daily Target 2X Long MSTR ETF"},"translate_title":"随着MicroStrategy购买更多比特币，Defiance Daily Target 2倍多头MSTR ETF盘前飙升5.3%","themeId":"fc1666ebdae9d12c9a91240b88f38d25","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MSTX":1},"content_text":"The Defiance Daily Target 2X Long MSTR ETF (MSTX), a leveraged ETF tracking MicroStrategy stock, surged 5.3% in the pre-market session on Tuesday. 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