MicroStrategy stock has increased by more than 6% in pre-market trading due to the surge in Bitcoin's price and the news that the company will be included in the Nasdaq-100 index. The announcement of MicroStrategy's inclusion in the index has generated bullish sentiment for the BTC-focused business intelligence and software company. MicroStrategy has seen significant gains in the past year, thanks to the rising price of Bitcoin and its advocacy for corporate adoption of the cryptocurrency. The company has acquired a substantial amount of Bitcoin and now holds 423,650 BTC. MicroStrategy's stock has outperformed the S&P 500, gold, real estate, and bonds over the past four years, with an annualized performance of 124%. Analysts believe that the company's Bitcoin strategy could continue to outpace its peers, and there is speculation that it may be included in the S&P 500 in the future.
- Content Editor ( crypto.news )
- 2024-12-16
Microstrategy surges 6.5% in pre-market trading