Degens Are Searching for Further Leverage on MicroStrategy and Winning Massively
Summary
Two MicroStrategy ETFs launched this year have shown significant returns. The Defiance Daily Target 1.75X Long MSTR ETF (MSTX), introduced on August 15, initially offered 1.75 times the daily change in MicroStrategy's share price, achieving 176% returns in 2.5 months. It increased its leverage to 2x, aligning with the T-REX 2X Long MSTR Daily Target ETF (MSTU), which began on September 18 and delivered 235% returns. MSTR shares rose 87% in the same period. MicroStrategy's focus on bitcoin exposure without direct investment has driven interest, with MSTR shares tripling this year and holding 252,220 BTC.
