Thanks to the significant rise in its stock throughout 2024, MicroStrategy has now joined the Nasdaq-100 index. A look back at this performance.
MicroStrategy joins the Nasdaq-100 index
In the world of finance, the United States has several major indices. If the S&P 500 is the best known with the 500 largest American capitalizations, the Nasdaq-100 is also important, because it tracks the performance of the 100 most capitalized American non-financial companies.
Friday, Nasdaq has just announced the entry of MicroStrategy into the Nasdaq-100 index. This news demonstrates the phenomenal growth of the company's stock, given that it only just joined the S&P 500 at the start of the year.
💡 How to Buy MicroStrategy MSTR Stock?
Over the year 2024, the company has grown by almost 500%, with a price per share which today exceeds $408:
MicroStrategy stock price in weekly data
Despite a correction of more than 23% since the peak of last November 21, MicroStrategy is still capitalized at $88.37 billion.
Thus, the stock benefits greatly from the media coverage of its Bitcoin reserve, which today amounts to 423,650 BTC, or the equivalent of approximately $43 billion. At the time of writing, BTC is trading at $101,700, up 1.8% in the last 24 hours.
👉 On the same subject — MicroStrategy sells shares to invest $1.5 billion in Bitcoin (BTC)
Along with MicroStrategy, 2 other companies joined the Nasdaq-100, namely Palantir Technologies and Axon Enterprise.
Trade Republic: Buy Cryptos and Stocks in 5 Minutes
Sources: Press release, TradingView
The #1 Crypto Newsletter 🍞
Receive a summary of crypto news every day by email 👌
Some links in this article may be affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission.
Investments in cryptocurrencies are risky. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your capacity to lose part of this savings. Do not invest if you are not prepared to lose all or part of your capital
Since 2021, I have devoted my free time to seriously educating myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to conduct interviews with influential figures in the blockchain industry. I also conduct in-depth analyzes on Web3 themes to offer exclusive content to Cryptoast readers.
Vincent Maire
1498 items
