The Defiance Daily Target 1.75x Long MSTR ETF (MSTX) closed at $45.01 on January 30, down 0.53% as MicroStrategy's stock faced pressure amid Bitcoin market volatility. MicroStrategy's recent acquisition of 10,107 Bitcoin for $1.1 billion has increased its total holdings to 471,107 BTC, but the company's stock remains sensitive to Bitcoin's price fluctuations. Despite a bullish outlook from Mizuho Securities, which initiated coverage with an "outperform" rating and a $515 price target, concerns over share dilution and the inherent volatility of Bitcoin have weighed on investor sentiment. MicroStrategy's strategy of leveraging equity sales and debt issuance to fund Bitcoin purchases has led to a 570% surge in its share price over the past year, yet the stock's performance is closely tied to Bitcoin's market dynamics.