Hot news in the crypto world! 🚀

- MicroStrategy's leveraged ETFs (MSTR) surpassed $400 million in net assets this week, according to Bloomberg Intelligence.

- Defiance ETFs launched the first leveraged ETF in August, followed by REX Shares and Tuttle Capital in September, increasing competition.

- MicroStrategy, originally a business intelligence firm, transformed into a cryptocurrency hedge fund in 2020.

- The firm plans to issue $700 million in debt to buy more BTC and could start lending out part of its holdings.

What do you think about this strategy? Leave us your comment!