On August 25, T-Rex 2X Long MSTR Daily Target ETF rose 5.27% overnight, trading at $30.49/share, with turnover of $5.1274 million.
On the news front, Strategy filed documents with the SEC disclosing that its newly established U.S. dollar cash reserve has reached $1.59 billion as of August 23, alongside $5.1 billion in digital asset reserves. The prior week, Strategy raised approximately $2 billion through common stock issuance. With Bitcoin approaching $80,000 last week, both Strategy's stock and bonds rallied. The market interprets the substantial cash reserve as potential ammunition for further Bitcoin accumulation, as the company has not purchased any Bitcoin since mid-June and maintains holdings of 840,447 BTC at an average cost of $75,385 per coin. This expectation amplified gains in the 2x leveraged ETF tracking MSTR.
(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.)