MicroStrategy's stock is experiencing a notable surge in pre-market trading on January 2, 2025, driven by a significant rise in Bitcoin's price. Bitcoin has reached $96,578.38, which has positively impacted MicroStrategy (MSTR), a company heavily invested in the cryptocurrency. This increase in Bitcoin's value has led to a 5.87% rise in MicroStrategy's stock, reflecting the company's close ties to Bitcoin's market performance. Despite recent challenges, including a 23% decline over the past month, the stock remains above its 200-day moving average, suggesting some long-term bullish potential.
The ETF Opportunities Trust T-Rex 2X Inverse MSTR Daily Target ETF (MSTZ) is down 11.21% in pre-market hours on Thursday, January 2, falling to $24.94 as of 7:00 AM ET.