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: SMCI, MSTR, .IXIC, BTC.CM=, MRNA, PLTR, .NDX, AXON, QQQ, ILMN,
Keywords: illumina inc, investment strategy, nasdaq 100 index, breaking news: markets, powershares qqq trust, technology, breaking news: investing, nasdaq composite, markets, palantir technologies inc, moderna inc, bitcoin/usd coin metrics, super micro computer inc, business news, cryptocurrency, microstrategy inc, axon enterprise inc,