Let’s crank it. Using today’s prices — MSTU $4.89, MSTX $22.51 (Sep 15).

Projection. If MSTR share goes from $330 a share to $750 a share by December 25th, assuming that Bitcoin hits $200,000 a Bitcoin or $250,000 a Bitcoin, then in theory, what should happen to the prices of MSTU and MSTX?

Assume MSTR starts at $330 and finishes at the target. Daily 2× ETFs are path-dependent; I’m giving you a band:

  • Lower bound = simple 2× of MSTR’s total move
  • Upper bound = “smooth trend” compounding (≈ square of MSTR’s price ratio)

Projection bands

MSTR targetRatio (end/start)MSTU (from $4.89)MSTX (from $22.51)
$750 (ref)2.27×$17.34 – $25.26$79.81 – $116.27
$9002.73×$21.78 – $36.37$100.27 – $167.43
$1,0003.03×$24.75 – $44.90$113.91 – $206.70

Read: If MSTR rips smoothly to the target, you tend toward the upper numbers; if it’s whipsaw-y, expect the lower side. Fees/frictions trim a bit of either end.

Want me to add scenarios for $1,100 / $1,250, or bake this into a tiny calculator you can reuse?