Stock Track | T-Rex 2X Long MSTR ETF (MSTU) Surges 7.06% Pre-market on $30 Billion Bitcoin Consortium News

Stock Track

23 Apr

The T-Rex 2X Long MSTR Daily Target ETF (MSTU) is poised for a strong opening, soaring 7.06% in pre-market trading on Wednesday. This significant uptick follows news of a massive $30 billion Bitcoin investment consortium being formed, which is expected to have a substantial impact on MicroStrategy (MSTR), the company that MSTU is designed to provide leveraged exposure to.

The catalyst for this pre-market rally is the announcement of a high-profile Bitcoin investment group spearheaded by Brandon Luttner, son of U.S. Secretary of Commerce Howard Luttner. The consortium, which includes major players such as SoftBank, Tether, and cryptocurrency exchange Bitfinex, aims to manage over $3 billion in cryptocurrency assets. Their strategy is set to mirror the successful approach employed by MicroStrategy, which has transformed itself into a significant Bitcoin holder with assets worth tens of billions of dollars.

As MSTU aims to deliver twice the daily performance of MicroStrategy's stock, the formation of this Bitcoin investment group, coupled with the Trump administration's push for cryptocurrency-friendly policies, has significantly boosted investor confidence. This pre-market surge underscores the growing mainstream acceptance of cryptocurrencies and the potential for further institutional adoption, which could continue to drive both MicroStrategy's stock and related ETFs like MSTU in the near future.

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This significant uptick follows news of a massive $30 billion Bitcoin investment consortium being formed, which is expected to have a substantial impact on MicroStrategy (MSTR), the company that MSTU is designed to provide leveraged exposure to.</p>\n\n<p>The catalyst for this pre-market rally is the announcement of a high-profile Bitcoin investment group spearheaded by Brandon Luttner, son of U.S. Secretary of Commerce Howard Luttner. The consortium, which includes major players such as SoftBank, Tether, and cryptocurrency exchange Bitfinex, aims to manage over $3 billion in cryptocurrency assets. 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