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MicroStrategy gives back earlier gains following bitcoin proxy's inclusion in Nasdaq-100 index and 'QQQ' ETF - TL;DR CNBC

MicroStrategy gives back earlier gains following bitcoin proxy's inclusion in Nasdaq-100 index and 'QQQ' ETF

Publishing timestamp: 2024-12-16 16:05:03


Summary

MicroStrategy's stock rose after Nasdaq announced that the company will join the Nasdaq-100 index as a bitcoin proxy. This inclusion will also lead to MicroStrategy being included in the popular Invesco QQQ Trust ETF. The company's stock has surged this year, and it recently announced the purchase of additional bitcoin, making it the largest corporate owner of the digital currency.


Sentiment: POSITIVE

Tickers: .SPXMSTRQQQNDAQ.NDX

Keywords: breaking news: marketsinvestment strategymicrostrategy incmarketss&p 500 indexbusiness newsbitcoinwall streetnasdaq 100 indexstock marketspowershares qqq trustnasdaq inc

Source: https://www.cnbc.com/2024/12/16/microstrategy-shares-jump-as-bitcoin-proxy-will-join-nasdaq-100-index-and-qqq-etf.html


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