On August 25, T-Rex 2X Long MSTR Daily Target ETF rose 6.26% in regular trading, trading at $30.27/share, with turnover of $95.66 million. The leveraged ETF continued to gain momentum following Strategy's SEC filing disclosure.
On the news front, Strategy filed documents with the SEC revealing that as of August 23, the company had established a new cash reserve totaling $1.59 billion, alongside $5.1 billion in digital asset reserves. The prior week, Strategy raised approximately $2 billion through common stock issuance. With Bitcoin recently approaching $80,000, the large-scale cash reserve is widely interpreted by the market as potential ammunition for further Bitcoin accumulation, driving amplified upside in the 2x leveraged ETF.
Strategy currently holds 840,447 BTC at an average cost of $75,385 per coin, with total acquisition costs of approximately $63.4 billion. The company has not purchased additional Bitcoin since the week of June 22, suggesting the newly disclosed cash pool could be deployed for future purchases.
(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.)