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Why is MSTY Up Today After Bitcoin Acquisition

The Tidal Trust II YieldMax MSTR Option Income Strategy ETF (MSTY) surged 7.55% to close at $31.75 on January 6, driven by MicroStrategy's aggressive bitcoin acquisition strategy and capital-raising plans. MicroStrategy announced the purchase of 1,070 bitcoins for $101 million, funded through share sales, reinforcing its commitment to bitcoin as a primary treasury asset. This move, coupled with plans to raise $2 billion via a preferred stock offering, has bolstered investor confidence, reflected in the rising stock price. The company's stock rose 7.8%, while Bitcoin itself saw a 3.8% increase, trading around $99,220. Analysts have reiterated a buy rating on MicroStrategy, citing the shareholder value created through its treasury operations.