MicroStrategy shares jump as bitcoin proxy will join Nasdaq-100 index and 'QQQ' ETF
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MicroStrategy shares rose after Nasdaq announced that the company will join the Nasdaq-100 index, which is a significant development for the firm as it is often seen as a proxy for bitcoin investments.
December 16, 2024 | 11:30 am
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MicroStrategy shares increased following the announcement that it will join the Nasdaq-100 index, enhancing its visibility and potentially attracting more investors.
Joining the Nasdaq-100 index is a significant milestone for MicroStrategy, as it increases the company's visibility and credibility among investors. This inclusion is likely to attract more institutional and retail investors, leading to a positive impact on the stock price in the short term.
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