Microstrategy Stock Spikes As The Red-hot Bitcoin Proxy Set To Join The Nasdaq 100

MicroStrategy chairman Michael SaylorJoe Raedle/Getty ImagesMicroStrategy stock climbed Monday higher as investors cheered the firm's addition to the Nasdaq 100.The addition means more ETFs will start buying the stock, including the popular QQQ fund.The firm's stock is up 575% this year, far outpacing bitcoin's 145% gain. Microstrategy got a boost on Monday following the news that the bitcoin whale is joining the Nasdaq 100, putting it on the radar of more tech investors.Shares rallied as much as 4% Monday morning, trading around $426 each.

BING NEWS:
  • Microstrategy stock spikes as the red-hot bitcoin proxy set to join the Nasdaq 100
    The stock is up 575% year-to-date, surging as the company pursues an aggressive strategy of piling up as much bitcoin as it can. Its stock gains have handily surpassed those of bitcoin itself ...
    12/16/2024 - 3:24 am | View Link
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