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Bitcoin proxy MicroStrategy to join the Nasdaq 100 and heavily traded 'QQQ' ETF - TL;DR CNBC

Bitcoin proxy MicroStrategy to join the Nasdaq 100 and heavily traded 'QQQ' ETF

Publishing timestamp: 2024-12-13 20:24:20


Summary

MicroStrategy will be joining the Nasdaq 100 index, leading to increased demand for the stock. The company has seen a significant increase in its share price this year, largely due to its association with bitcoin. MicroStrategy has been actively purchasing bitcoin and now owns a significant amount. Other companies like Palantir Technologies and Axon Enterprise will also be joining the Nasdaq 100 index, while others will be removed. The potential inclusion of MicroStrategy in the Invesco QQQ Trust could mark a tech top.


Sentiment: MIXED

Tickers: SMCIMSTR.IXICBTC.CM=MRNAPLTR.NDXAXONQQQILMN

Keywords: illumina incinvestment strategynasdaq 100 indexbreaking news: marketspowershares qqq trusttechnologybreaking news: investingnasdaq compositemarketspalantir technologies incmoderna incbitcoin/usd coin metricssuper micro computer incbusiness newscryptocurrencymicrostrategy incaxon enterprise inc

Source: https://www.cnbc.com/2024/12/13/bitcoin-proxy-microstrategy-to-join-the-nasdaq-100-and-heavily-traded-qqq-etf.html


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