MicroStrategy joins Nasdaq 100, stock up 7.4% in Frankfurt, holds $44 billion in bitcoin.

From Investing.com: 2024-12-16 04:01:04

MicroStrategy shares rose 7.4% in Frankfurt as it joins the Nasdaq 100, giving indirect bitcoin exposure. The company holds $44 billion worth of bitcoin, about 2% of the total supply. More buying from funds could boost stock, up 550% this year. BTC reached $106,000 after Trump hinted at a U.S. bitcoin reserve.

MicroStrategy’s stock has surged 3,200% since adopting bitcoin as its treasury asset in 2020. The company reported a net loss of $340 million in the last quarter. The Nasdaq 100 will include Palantir and Axon Enterprise, replacing Illumina, Super Micro, and Moderna. The index will begin trading on Dec. 23.



Read more at Investing.com: Bitcoin buyer MicroStrategy jumps on Nasdaq 100 entry By Reuters