Roundhill’s 50% Yield Innovation-100 ETF Is Waiting To Step on A Landmine

Consider what is actually sitting in this fund. Strategy ( NASDAQ:MSTR ), formerly MicroStrategy, is essentially a leveraged bitcoin vehicle. In Q4 2025, the company reported a net loss of $12.44 billion, driven almost entirely by a $17.44 billion unrealized loss on its bitcoin holdings. The company holds 713,502 bitcoins, and every meaningful move in bitcoin price flows directly into the stock. MSTR has already fallen 46.78% over the past year, and bitcoin itself has traded as low as $65,769 in early March ...