Insufficient Micro Strategies TRex Applies for 2x Leverage MSTR ETF

Software development company MicroStrategy entered the Bitcoin market as early as 2020, continually acquiring Bitcoin using its own cash, issuing bonds, and issuing new shares. According to its Q1 financial report, MicroStrategy has purchased 214,400 Bitcoins at an average cost of $35,180 per Bitcoin. At the current price of $61,780 per Bitcoin, the value is approximately $13.2 billion, representing 49% of its stock market value (currently around $27 billion).