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MicroStrategy Skyrockets With Bitcoin’s Surge Past $106,000: Details
In a recent development, MicroStrategy has seen its stock surge significantly due to the rising value of Bitcoin. This news is significant as it could potentially pave the way for the company to be included in the Nasdaq-100 index.
According to reports, Gains of more than 40% in the last three months have increased MicroStrategy’s market value to about $100 billion, surpassing half of the Nasdaq-100’s members. This remarkable growth has made it likely that MicroStrategy will meet the requirements for inclusion in the renowned Invesco QQQ Trust ETF.
As a result, this could lead to passive inflows into MicroStrategy stock, potentially giving its share price another boost.
Source: u.today
