MicroStrategy's recent acquisition of 2,138 Bitcoin for $209 million, announced on December 30, 2024, has not been enough to counteract the broader market pressures affecting Bitcoin's price. Despite this purchase, which brings MicroStrategy's total holdings to 446,400 BTC, Bitcoin's price has continued to decline, trading below $95,000. This drop is attributed to macroeconomic factors, including the Federal Reserve's hawkish stance, which has strengthened the US dollar and exerted downward pressure on the cryptocurrency market. Additionally, significant outflows from Bitcoin ETFs, totaling $287.90 million on Friday, December 27, have further contributed to the selling pressure.
The ETF Opportunities Trust T-Rex 2X Long MSTR Daily Target ETF (MSTU) is down 7.9% in pre-market hours on Monday, December 30, falling to $9.21 as of 8:46 AM ET.