On September 18, T-Rex 2X Long MSTR Daily Target ETF rose 8.91% in regular trading, trading at $33.73/share, with turnover of $24.406 million. As a 2x daily leveraged ETF tracking Strategy (formerly MicroStrategy), MSTU amplified the underlying stock's gain, with Strategy itself rising 4.81% to close at $132.25 on the same session.
The move came amid a broader rebound in crypto-linked equities following recent volatility. On September 17, crypto concept stocks saw notable strength, with Strategy climbing over 5%. Bitcoin has been trading near the $80,000 level as the market digests multiple macro headwinds, including elevated Fed rate hike expectations and the failure of the Clarity Act in the U.S. Senate on September 16, which sent crypto assets and related equities sharply lower. Strategy also disclosed it had not purchased or sold Bitcoin for two consecutive weeks, while establishing a new USD cash reserve pool totaling $6.4 billion, signaling a shift toward operational flexibility over aggressive accumulation.
(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.)