MicroStrategy’s remarkable success with investing in bitcoin has sparked interest among other companies wanting to adopt a similar strategy. This year, MicroStrategy’s stock soared 501% thanks to its bitcoin investments, encouraging firms like Marathon Holdings and Acurx Pharmaceuticals to buy cryptocurrencies for their corporate treasuries. The appeal lies in bitcoin’s growing reputation as a safeguard ...
Nasdaq, Inc. has announced important updates for the Nasdaq-100 Index, effective on December 23, 2024. Three companies—Palantir Technologies, MicroStrategy, and Axon Enterprise—will be newly included in the Index. This yearly reconstitution ensures that the Nasdaq-100, which includes 100 of the largest non-financial companies on the Nasdaq Stock Market, remains current. It serves as a key ...
Palantir, MicroStrategy, and Axon Enterprise will join the Nasdaq 100 Index on December 23, replacing Super Micro Computer, Moderna, and Illumina. This change comes as the Nasdaq 100, which features the largest non-financial companies in the Nasdaq, recently reached a milestone by surpassing 20,000 points. The index is restructured annually in December, ensuring that companies ...
Palantir, MicroStrategy, and Axon Enterprise are set to join the Nasdaq 100 Index on December 23, replacing Super Micro Computer, Moderna, and Illumina. This change comes after a notable week for the Nasdaq, which recently crossed the 20,000 mark for the first time as tech stocks surged following positive inflation data. Palantir has seen its ...
On December 13, 2024, Nasdaq announced the annual updates to the Nasdaq-100 Index, set to take effect before trading starts on December 23, 2024. This reconstitution will see Palantir Technologies, MicroStrategy, and Axon Enterprise added to the index, which includes the largest non-financial firms listed on the Nasdaq Stock Market. Meanwhile, Illumina, Super Micro Computer, ...
On December 13, 2024, Nasdaq announced changes to the Nasdaq-100 Index, effective before the Market opens on December 23, 2024. Three companies—Palantir Technologies, MicroStrategy, and Axon Enterprise—are set to be added to the index. Meanwhile, Illumina, Super Micro Computer, and Moderna will be removed. The Nasdaq-100 Index includes 100 of the largest non-financial companies listed ...
MicroStrategy, primarily known for its enterprise software and data analytics, has transformed into a Bitcoin-focused investment under the leadership of co-founder Michael Saylor. Since 2020, the company has converted most of its cash reserves into Bitcoin, amassing around 423,650 coins, valued at roughly $42.4 billion. This represents nearly half of MicroStrategy’s total Market cap of ...
MicroStrategy’s stock has surged nearly 500% this year, making it a strong contender for inclusion in the Nasdaq 100 index, which will be reshuffled soon. The company, primarily known for its software, has shifted its focus to Bitcoin, holding approximately 400,000 bitcoins valued around $42 billion. This shift came as its software revenue declined, and ...
MicroStrategy is poised to join the Nasdaq 100 Index with an official announcement expected on December 13. This inclusion is projected to trigger approximately $2.1 billion in share purchases from ETFs that track the Nasdaq 100. As a result, MicroStrategy could rank as the 40th largest holding within the index, representing about 0.47% of its ...
MicroStrategy, led by Michael Saylor, has gained attention for its bitcoin strategy, significantly boosting its stock value due to substantial bitcoin holdings. The company generated around $10 billion in shareholder value in the last quarter of 2024 and plans to continue purchasing bitcoin using proceeds from new share sales, raising over $2.1 billion recently. Analyst ...
