MicroStrategy shares surge as Bitcoin hits new high of $106,554, joining Nasdaq-100

From Investing.com

December 16, 2024 01:30:19 pm:

Bitcoin surged to a new all-time high of $106,554 before slightly dropping, with investors anticipating a Federal Reserve interest rate cut. MicroStrategy shares rose over 5% in premarket trading, up 547% in 2024 compared to the S&P 500’s 26.9% gain. The company now holds 439,000 BTC after recent purchases.

MicroStrategy will join the Nasdaq-100 index on Dec. 23, following a 40% gain in the last three months, increasing its market value to about $100 billion. This move will also include the company in the Invesco QQQ Trust ETF, potentially attracting more passive inflows and boosting the stock further.

Read more at Investing.com: MicroStrategy Skyrockets With Bitcoin’s Surge Past $106,000: Details By U.Today