🟢 T-Rex 2X Long MSTR Daily Target ETF surges 10.3% after MicroStrategy announces new Bitcoin purchase

The T-Rex 2X Long MSTR Daily Target ETF is trading up 10.3% today, rebounding sharply from last week's selloff after its underlying company, MicroStrategy (MSTR), disclosed a new Bitcoin purchase.

• MicroStrategy announced on Monday it had purchased an additional 1,550 Bitcoin for approximately $101 million between June 1 and June 7.
• This news has provided a positive catalyst, helping crypto-linked assets recover from the selloff late last week which was triggered by a strong U.S. jobs report that dampened rate-cut expectations.
• The ETF's 2x leverage is amplifying the positive move in MSTR shares following the announcement.