Global #MicroStrategy

Defiance ETFs is making waves in the financial markets today with the launch of its new single-stock long leveraged exchange-traded fund (ETF), the MicroStrategy “MSTX” ETF.

In a notable shift towards digital asset investments, South Korea’s National Pension Service (NPS) has acquired 245,000 shares of MicroStrategy, valued at $33.75 million, during the second quarter of this year.

In a notable shift towards digital assets, central banks are increasingly investing in companies with significant cryptocurrency exposure. This trend is exemplified by recent moves from the Norwegian Central Bank, known as Norges Bank, and the Swiss National Bank (SNB)

Japan-based Metaplanet Inc., a publicly traded company, has reaffirmed its commitment to Bitcoin by completing a significant acquisition of 57.103 BTC, valued at approximately 500 million yen or $3.3 million.

MicroStrategy, a prominent corporate holder of Bitcoin, has reported a second consecutive quarterly loss while significantly expanding its digital asset portfolio. The company's latest earnings reveal a net loss of $123 million for the second quarter of 2024, an improvement from the $137 million loss reported in the previous quarter.

Less than a week after its launch, the "Bitcoin for Corporation" initiative has gained significant traction with the inclusion of Japanese investment firm Metaplanet Inc (TYO: 3350) as a founding member.