The T-Rex 2X Long MSTR Daily Target ETF (MSTU) soared 5.04% in the past 24 hours, reflecting the positive sentiment surrounding MicroStrategy's latest Bitcoin acquisition. The leveraged ETF, which aims to provide twice the daily performance of MicroStrategy's stock (MSTR), saw significant gains as investors reacted to the company's aggressive expansion of its Bitcoin holdings.

MicroStrategy, the largest corporate holder of Bitcoin, announced the purchase of an additional 4,020 BTC for $427.1 million at an average price of $106,237 per coin. This latest acquisition brings the company's total Bitcoin holdings to an impressive 580,250 BTC, representing approximately 2.9% of Bitcoin's circulating supply. The firm's cumulative investment in Bitcoin now stands at $40.61 billion, with an average purchase price of $69,979 per bitcoin.

Adding to the bullish sentiment, MicroStrategy's executive chairman Michael Saylor revealed that the company's proprietary "BTC Yield" metric has reached 16.8% year-to-date, surpassing its full-year target. This outperformance, coupled with the company's aggressive accumulation strategy, has fueled investor enthusiasm for both MicroStrategy's stock and related investment products like the T-Rex 2X Long MSTR ETF. As Bitcoin continues to trade near record highs, market participants will closely monitor MicroStrategy's future moves and their potential impact on the cryptocurrency market and associated financial instruments.