Stock Track | Defiance 2X Long MSTR ETF Soars 21.86% as MicroStrategy's Bitcoin Bet Sparks Investor Frenzy

Stock Track

2024/11/27

The Defiance Daily Target 2X Long MSTR ETF (MSTX), an exchange-traded fund designed to deliver double the daily returns of MicroStrategy (MSTR) stock, soared by a remarkable 21.86% in pre-market trading on Wednesday.

The ETF's surge reflects the growing investor enthusiasm for MicroStrategy, a data analytics company that has become the largest corporate holder of Bitcoin. MicroStrategy's stock has gained over 500% this year, outpacing even Bitcoin's impressive 123% rise, as investors embrace the company's aggressive bet on the cryptocurrency.

Much of this enthusiasm is attributed to the perceived influence of MicroStrategy's executive chairman, Michael Saylor, who is widely regarded as a Bitcoin guru among crypto enthusiasts. As of November 25, MicroStrategy held 386,700 Bitcoin, valued at around $37 billion, reflecting its deep commitment to the digital asset.

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As of November 25, MicroStrategy held 386,700 Bitcoin, valued at around $37 billion, reflecting its deep commitment to the digital asset.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MSTX","symbol_name":"2倍做多MSTR ETF-Defiance","start_time":0,"source_url":"","article_id":"1169266953","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1169266953","pubTimestamp":1732718439,"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 , an exchange-traded fund designed to deliver double the daily returns of MicroStrategy  stock, soared by a remarkable 21.86% in pre-market trading on Wednesday.The ETF's surge reflects the growing investor enthusiasm for MicroStrategy, a data analytics company that has become the largest corporate holder of Bitcoin. 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