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Why is MSTZ Down Today After Bitcoin Sentiment

The ETF Opportunities Trust T-Rex 2X Inverse MSTR Daily Target ETF (MSTZ) closed down 9.77% at $15.51 on January 15, 2025, as MicroStrategy Incorporated (MSTR) shares rose 4.4% to $357.26. The upward movement in MicroStrategy's stock was fueled by the announcement of a $2 billion perpetual preferred stock offering, which is expected to provide the company with additional capital to continue its aggressive Bitcoin acquisition strategy. Analysts have maintained a positive outlook on MicroStrategy, with several raising their target prices, reflecting confidence in the company's long-term growth prospects. The stock's performance was also supported by the broader market's anticipation of favorable regulatory developments for Bitcoin under the new U.S. administration, which has bolstered investor sentiment towards crypto-related equities.