Gate Stock Token Latest Updates: SPCX Pre-market Trading Begins Today, MSTRX Surges Over 40% in a Single Month

The U.S. stock earnings season is in full swing. Goldman Sachs and JPMorgan’s first-quarter results have both come in above expectations, and overall market risk appetite continues to rebound. Against the backdrop of all three major indexes surging, Gate’s stock token track is delivering investment efficiency far beyond mainstream crypto assets, continuously releasing the astonishing “stock Beta” leverage effect.

As of April 24, Gate’s global derivatives market share has climbed to 12.2%, firmly placing it among the top three worldwide. Monthly derivatives trading volume reaches as high as $500 billion, while spot trading volume remains steady in the range of $55 billion to $65 billion. Behind this big narrative, explosive rallies at the individual-stock level are already well underway.

The most explosive incremental hotspot: SPCX pre-market trading starts today

On April 20, Gate’s newly launched Pre-IPOs product line officially welcomed its first project—SpaceX tokenized stock SPCX. A single SPCX is priced at $590, with a total supply of only 33,900 units, implying an implied valuation for SpaceX of about $1.4 trillion. Compared with earlier traditional private placements that often require a minimum investment of several million dollars, SPCX requires only 100 USDT to participate, lowering the threshold by more than 99.9%. This means that any retail investor that has passed KYC can instantly join the ranks of investors in the world’s top private companies.

This democratized design quickly ignited market sentiment. Within 48 hours of subscription opening, SPCX’s total subscription amount surged to approximately $368 million—nearly 17 times the allocation total. By April 22, Gate had completed the full distribution of SPCX asset notes and unlocked 100%. At 18:00 (UTC+8) on April 24, SPCX pre-market trading officially went live, kicking off the 7×24-hour trading era. More importantly, during the holding period, users can also earn up to 200% annualized yield through the platform’s USDT savings product—meaning capital can compound without the need to sell.

In a conventional financial paradigm, the pre-IPO stage is often the period when value discovery accelerates the most. If SpaceX successfully achieves its scheduled IPO valuation of $1.75 trillion (1.75 trillion) this June, compared with the current level of approximately $1.4 trillion, there would still be 25% room for revaluation. This is the fundamental logic behind SPCX’s highly elastic expectations.

Leverage-driven rallies intensify: MSTRX rebounds strongly from $120 to above $170

If SPCX represents a novel scarcity narrative, then MSTRX represents the most compelling “advanced Beta” effect of stock tokens. After experiencing a deep pullback in the first quarter of 2026, MicroStrategy’s tokenized stock MSTRX has successfully rebounded from the low of $120 in early April to above $170. The cumulative gain for the phase is 40%, and the gain in a single week is close to 30%.

Not only is the price surging, MSTRX’s underlying “leverage multiple” is also increasing continuously. Gate’s market data shows that MSTRX’s implied actual Beta coefficient is close to 5.2x—when Bitcoin rises 1%, MSTRX’s average increase is about 5%. This strong correlation is supported by Strategy Inc.’s recent repeated large-scale accumulation actions: from April 13 to 19, the company again invested approximately $2.54 billion to buy 34,164 BTC. Its total holdings then jumped to over 815,000 BTC, formally surpassing BlackRock’s IBIT and becoming the largest institutional Bitcoin holder in the world.

It is worth noting that Wall Street analysts’ consensus rating for MSTR remains “Strong Buy,” with an average target price of $359. Coupled with TD Cowen analyst’s latest raised forecast, the price ceiling continues to be lifted. For products that inherently carry 5x Bitcoin Beta, and when combined with Gate’s contract zone offering up to 10x leverage, users’ position elasticity will far exceed conventional frameworks.

Retail bottom-fishing is in full swing: TSLAX, HOODX, and Advanced Micro Devices Semiconductors trade turns to lead the gains

In the latest Gate xStocks zone, tokenized stocks have almost fully enabled Davis double-clicks. Tesla stock token TSLAX is trading steadily around $395, with a total asset value of about $78 million and more than 20,000 holders. HOODX’s explosive momentum is also eye-catching—up more than 30% over the past 7 days. From April 13 to now, Gate has added over 30 perpetual contract products for stocks and ETFs. The underlying assets have expanded from MSFT (Microsoft), IBM, MCD (McDonald’s), and ASML (ASML) to the core stock index GER40 (Germany DAX 40 Index) perpetual contracts.

The tokenized target for Advanced Micro Devices Semiconductors, a semiconductor giant, has also recently set a historical high of $289. In April, the token rose by 35.16%, mainly driven by continuously exceeding-expected demand for AI computing power. These figures all point to the same trend: the threshold to allocate globally to high-quality stock assets within Gate is now unprecedentedly low. Starting from as little as 0.0001 units, with fractional share participation and low funding fees, retail investors can easily access diversified investment portfolios.

Compliance safeguards and ecosystem upgrades

Gate’s efforts in stock tokenization are not only dependent on market tailwinds. It also strengthens its industry position through visible compliance actions. Building on the Malta PSD2 payment institution license obtained in February 2026, the entire group plans to secure three additional licenses within the year: Hong Kong, Singapore, and the EU’s MiCA. Meanwhile, at Gate’s 13th anniversary Dubai gala, it announced the “TradFi+DeFi” super-entry strategy—signaling that Gate’s stock token business has officially evolved from “functional innovation” to “institutional innovation.” After the launch of professional API interfaces with unified underlying accounts and multi-asset coverage, both professional market makers and regular users can enjoy a more frictionless global value flow experience.

Summary

In summary, Gate stock tokens are building a diversified cross-asset investment ecosystem through the active performance of star tokens such as SPCX and MSTRX, as well as the perpetual contract product lines with more than 30 new underlying assets. From the SpaceX Pre-IPO subscription frenzy, to the up-to-5.2x Beta leverage effect of MSTRX, and then to the successive rallies of TSLAX and HOODX, Gate continues to break through the time-and-space boundaries of traditional financial investing, offering investors more flexible, lower-threshold, 24/7 participation methods. Looking ahead, as more high-quality asset categories continue to expand in the second quarter of 2026, Gate is not only reshaping the global asset allocation map for retail investors, but also continuing to serve as a core infrastructure for on-chain U.S. stock investment.