Stock Track | T-Rex 2X Long MSTR Daily Target ETF Soars 8.92% on MicroStrategy's Massive Bitcoin Accumulation

Stock Track12-05

The T-Rex 2X Long MSTR Daily Target ETF (MSTU) surged 8.92% on Wednesday in the intraday trading session, fueled by MicroStrategy's aggressive Bitcoin acquisition strategy and the resulting optimism surrounding the cryptocurrency's future.

MicroStrategy, a software company that has transformed itself into a Bitcoin buying machine, announced 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.

As MSTU aims to provide twice the daily returns of MicroStrategy's stock price movements, the ETF benefited significantly from the company's relentless buying spree and the positive sentiment surrounding Bitcoin's mainstream adoption and institutional interest. Investors are betting on the potential upside as the cryptocurrency continues to gain traction.

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