On October 2, T-Rex 2X Long MSTR Daily Target ETF rose 10.47% in regular trading, trading at $48.44/share, with turnover of $80.85 million. The ETF tracks Strategy's stock price with 2x daily leverage, amplifying the underlying gains.
On the news front, two catalysts converged to drive the rally. Strategy recently ended a three-month buying hiatus with two consecutive weeks of BTC purchases, lifting its total holdings to a record 847,666 BTC and extending its streak of net BTC accumulation to 24 consecutive quarters. The company previously disclosed $1.59 billion in cash reserves, providing potential firepower for further additions. Separately, Citi raised its target price on Strategy to $240 based on an upgraded Bitcoin forecast, reinforcing bullish sentiment.
Additionally, MSCI concluded its consultation period on September 30 and is expected to announce index review results by October 16. JPMorgan previously estimated that removal from the index could trigger approximately $2.8 billion in fund outflows, and rising expectations for Strategy's retention have created a bullish resonance alongside the accumulation news.
(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.)