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Will MicroStrategy's stock price exceed $1,000 by March 31, 2025?
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MicroStrategy•Nasdaq 100 Index•Bitcoin•Apple•Tesla•Palantir•Axon Enterprise•Super Micro Computer•Moderna•Illumina
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MicroStrategy Joins Nasdaq 100 on December 23, Holds $42.7 Billion in Bitcoin, Stock Up 500%
Dec 16, 2024, 01:05 AM
MicroStrategy ($MSTR) has officially been added to the Nasdaq 100 Index, a significant milestone for the company and the broader acceptance of Bitcoin in institutional finance. The inclusion, scheduled to take effect on December 23, 2024, follows a remarkable year for MicroStrategy, which has seen its stock surge nearly 500%. This move positions MicroStrategy alongside major tech firms such as Apple and Tesla, enhancing its visibility among passive investors and potentially increasing inflows into its stock. The company is known for its substantial Bitcoin holdings, valued at approximately $42.7 billion, acquired at an average price of $60,300. Alongside MicroStrategy, Palantir ($PLTR) and Axon Enterprise ($AXON) will also join the index, while Super Micro Computer ($SMCI), Moderna ($MRNA), and Illumina ($ILMN) will be removed. The changes are part of a rebalancing of the Nasdaq 100 Index, which is closely tracked by the QQQ ETF.
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