Why did MicroStrategy's stock soar in September? The gains start and end with Bitcoin, but there's more to the story. Shares of MicroStrategy (MSTR 6.38%) gained 27.3% in September, according to data from S&P Global Market Intelligence. The business intelligence software company, known for reinvesting its cash reserves in Bitcoin, generally trended upward along with the leading cryptocurrency. It also accelerated in mid-September, when the company said it would borrow another $700 million to refinance old d ...

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Company Performance - The MSTX ETF has surpassed $400 million in assets under management (AUM), reflecting strong investor demand and confidence in the product [1] - The rapid growth of the MSTX ETF to $400 million in AUM highlights investors' growing interest in leveraged strategies and MicroStrategy's stock volatility [2] Investment Strategy - The MSTX ETF offers 1.75x the daily performance of MicroStrategy's stock, targeting sophisticated investors seeking amplified returns over short-term holding periods [3] - The ETF is designed for investors with a strong appetite for risk, providing a tool to enhance exposure to MicroStrategy's dynamic market positioning [3] Market Trends - The strong reception of the MSTX ETF signals confidence in Defiance ETFs' ability to meet market demand for targeted leverage exposure, particularly in the tech and cryptocurrency sectors [4] - MicroStrategy's strategic focus on Bitcoin has made it a popular choice among investors looking to gain exposure to the cryptocurrency market [4] - The launch of MSTX coincides with surging interest in both MicroStrategy and Bitcoin, driven by increasing institutional adoption of digital assets and blockchain technology [5] Company Overview - Defiance ETFs is a leader in leverage-focused exchange-traded funds, providing innovative solutions for tactical traders and investors seeking amplified exposure to individual companies [6] - Founded in 2018, Defiance specializes in income and thematic investing, offering leveraged ETFs designed for traders seeking tactical opportunities [8] - The company's suite of leveraged and thematic ETFs targets disruptive innovations, including artificial intelligence, machine learning, and quantum computing [8]

MicroStrategy Today MSTR MicroStrategy $165.98 +14.04 (+9.24%) 52-Week Range $30.71 ▼ $200.00 Price Target $202.13 Add to Watchlist MicroStrategy NASDAQ: MSTR has become one way many investors have found to get into Bitcoin (BTC). Looking at the returns of the two over the past three years, investing in MicroStrategy has been far superior to investing in Bitcoin. The total return over that time for each has been 177% versus 51%, respectively. But why is that the case? Based on the reports of new Bitcoin pur ...

MIAMI, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs, a leading provider of thematic and leveragefocused exchange-traded funds, is thrilled to announce that its MSTX ETF (1.75X MicroStrategy ETF) has surpassed $300 million in assets under management (AUM). This milestone underscores the strong investor demand and confidence in the product's innovative approach to offering amplified exposure to MicroStrategy Inc. (MSTR), a company known for its substantial Bitcoin holdings and cutting-edge data analytics ...

It's a BIG number. Is it realistic? Although Bitcoin (BTC -0.58%) is sitting as of this writing almost 25% below its all-time high of $73,750 reached earlier this year, there are plenty of bullish crypto investors who are still convinced that Bitcoin will skyrocket over the long run. Among them is Michael Saylor, founder and executive chairman of MicroStrategy (NASDAQ: MSTR), who recently doubled down on his prediction that a single Bitcoin would be worth $13 million by the year 2045. At last report, MicroS ...

The veteran software company completed a stock split after its share price's meteoric rise. Veteran software firm MicroStrategy (MSTR 0.08%)joined several high-profile corporations, such as Nvidia, in executing a forward stock split this year. The company's 10-for-1 split occurred in August. MicroStrategy's decision to perform a stock split came on the heels of its share price skyrocketing over 100% in 2024. In fact, last October, shares were at a split-adjusted 52-week low of $30.71, but they zoomed as hig ...

Sky-high Bitcoin price predictions could be causing investors to forget about portfolio diversification. The remarkable Bitcoin (BTC 0.57%) buying spree of MicroStrategy (MSTR -2.42%) that started in August 2020 shows no signs of stopping anytime soon. On Sept. 13, the company announced another $1.1 billion in Bitcoin purchases, bringing the company's total Bitcoin holdings to $14.6 billion. The company now owns more than 1% of all Bitcoin in the world, and actually owns more Bitcoin than the U.S. governmen ...

MIAMI, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs, a leading provider of thematic and leveragefocused exchange-traded funds, is thrilled to announce that its MSTX ETF (1.75X MicroStrategy ETF) has surpassed $200 million in assets under management (AUM). This milestone underscores the strong investor demand and confidence in the product's innovative approach to offering amplified exposure to MicroStrategy Inc. (MSTR), a company known for its substantial Bitcoin holdings and cutting-edge data analytics ...

MicroStrategy Inc MSTR continues its audacious bet on Bitcoin BTC/USD, recently purchasing $1.11 billion worth of the cryptocurrency between August and September. This latest buy brings the company's Bitcoin holdings to a staggering 244,800 coins, now valued at approximately $9.45 billion. As MicroStrategy increasingly ties its fortunes to the volatile world of Bitcoin, investors are left wondering: Can the stock keep its momentum, or is a correction looming? MicroStrategy CEO Michael Saylor's commitment to ...