Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
#StrategyBuyback
Strategy (formerly MicroStrategy, stock ticker MSTR) stock buyback update:
* Monday: MSTR rose 12.6% after Strategy Inc. announced a $2 billion stock buyback plan.
* Tuesday: The stock reversed most of its gains, falling about 7.3% to $85.90, near its 52-week low ($81.81).
* Key pressure points:
* Bitcoin's drop below $59,000 negatively impacted sentiment toward Bitcoin-related stocks.
* Market concerns that Strategy's mNAV premium (market cap relative to Bitcoin assets) has narrowed, reducing the appeal of issuing stock or relying on valuation multiples.
* Investors remain wary of preferred dividend obligations, which impose a fixed financial burden.
The stock buyback announcement created short-term confidence, but investors appear more focused on Strategy's exposure to Bitcoin price movements and capital structure risks. Share buybacks can support the stock price, but if Bitcoin continues to weaken or the premium relative to net asset value remains low, the market could continue to discount MSTR.
$MSTR