Watch These MicroStrategy Levels as Bitcoin Hits Record, Stock Added to Nasdaq 100
Portfolio Pulse from
MicroStrategy (MSTR) shares increased in premarket trading as Bitcoin reached a new record high and the company was added to the Nasdaq 100 index.
December 16, 2024 | 3:30 pm
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MicroStrategy shares rose in premarket trading due to Bitcoin's record high and the company's inclusion in the Nasdaq 100 index.
The rise in Bitcoin's price positively impacts MicroStrategy due to its significant Bitcoin holdings. Additionally, inclusion in the Nasdaq 100 index typically leads to increased visibility and potential inflows from index-tracking funds, further boosting the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100