SEC approves MicroStrategy’s leveraged crypto ETF
Share link:In this post: The SEC just approved the first leveraged MicroStrategy crypto ETF, letting investors double their exposure to the company’s Bitcoin holdings. MicroStrategy continues to go all-in on Bitcoin, holding over 226,500 coins, but it’s facing some serious financial challenges. The company reported a $102.6 million net loss in Q2 2024, with its stock price taking a hit after the earnings announcement.
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