From CNBC: 2024-12-16 06:12:00

MicroStrategy’s CEO Michael Saylor spoke at the Bitcoin 2022 conference in Miami. Shares of MicroStrategy surged after Nasdaq announced its inclusion in the Nasdaq-100 index. The stock traded over 5% higher in premarket. MicroStrategy’s massive surge this year, up 547%, is attributed to its bitcoin reserves and the all-time high price of bitcoin. The company owns over 420,000 bitcoins, making it the largest corporate owner of Bitcoin. Inclusion in the Nasdaq-100 index and the Invesco QQQ Trust ETF is expected to boost MicroStrategy’s market liquidity and capital flywheel.

Read more: MicroStrategy shares jump as bitcoin proxy will join Nasdaq-100 index and ‘QQQ’ ETF