The Southbound 2x Long MSTR ETF (07799) fell more than 6%, last down 6.16% at HK$3.412, with turnover of HK$4.5918 million.

On the news front, after the U.S. market close on October 29, Strategy (MSTR.US) released its financial results for the third quarter of 2026. The company reported total third-quarter revenue of US$125.4 million, down 3% year-on-year and below analysts' expectations of approximately US$128 million. Diluted EPS came in at US$44.75.

It is worth noting that Bitcoin has recently extended its decline, at one point falling below the US$80,000 to US$87,000 range that had held for nearly a month. In addition, Strategy paused its Bitcoin purchases last week, and market concerns that the Federal Reserve will signal a hawkish stance at this week's policy meeting have further weighed on cryptocurrency market sentiment.