Movement Alert｜T-Rex 2X Long MSTR Daily Target ETF rises 8.06% in Regular Trading, Strategy buyback authorization increased to $3 billion

Market Focus10-20 22:13

On October 20, T-Rex 2X Long MSTR Daily Target ETF rose 8.06% in Regular Trading, trading at $32.44, with turnover of $31.6215 million.

The move coincided with strength in its underlying stock, Strategy. Recent disclosure indicated Strategy's board increased the authorization for its digital credit securities repurchase program from $2 billion to $3 billion, with about $1.16 billion still available as of October 18. The company also disclosed holdings of 848,517 bitcoin and said it bought 267 BTC during October 12 to 18, reinforcing market optimism around its capital management and bitcoin treasury strategy.

Additional context showed listed companies were net buyers of $360 million of bitcoin last week, while bitcoin traded back above $83,000 on October 19, offering a supportive backdrop for Strategy-linked instruments.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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