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 ...
Riot Platforms, a cryptocurrency miner listed on NASDAQ, saw its stock rise nearly 5% after news broke that Starboard Value, a well-known investor, had acquired a significant stake in the company. This increase stood out compared to the S&P 500’s decline of 0.5% on the same day. Reports indicated that Starboard plans to push for ...
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 ...
In 2024, despite Bitcoin’s price falling below $100,000, it has surged over 120%, boosting Coinbase’s stock by 80% year-to-date. As the leading cryptocurrency exchange in the U.S., investors view Coinbase as a potential buy-the-dip opportunity, especially with its recent stock decline of 9%. Coinbase’s Q3 earnings showed remarkable growth, with sales reaching $1.2 billion, up ...
As Bitcoin soared past $100,000, MicroStrategy’s stock saw a decline of 4.5%. The company holds over 402,000 Bitcoins, valued at around $40 billion, but despite Bitcoin’s milestone, investors sold off shares in crypto-related companies like MicroStrategy and Coinbase, which dropped by 3%. MicroStrategy has shifted focus from software to Bitcoin investment, resulting in a nearly ...
MicroStrategy’s stock has surged in popularity, ranking high on Reddit’s trending stocks list with over 4,275 upvotes and 542 mentions within just 24 hours. The company’s shares have skyrocketed more than 70% in the past month and an impressive 240% over the last six months, largely due to its significant investment in Bitcoin. Recently, MicroStrategy ...
Cryptocurrency stocks saw significant losses on Thursday despite Bitcoin’s price soaring above $100,000 for the first time. MicroStrategy, known for its Bitcoin investments, fell about 1% after earlier gains. Riot Platforms also dipped 1%, while Mara Holdings barely changed. Robinhood’s stock declined, and Coinbase barely increased. Year-to-date, MicroStrategy has risen an impressive 597%, with Robinhood ...
Cryptocurrency stocks saw a significant rise in premarket trading as Bitcoin’s price jumped over $100,000 for the first time. Companies like MicroStrategy, Robinhood, and Coinbase experienced substantial gains, with MicroStrategy’s stock up 6.1% due to its heavy investment in Bitcoin. Since 2020, MicroStrategy’s value has soared more than 2,700%. This year alone, it’s up nearly ...
After the recent election, Bitcoin (BTC) surged to nearly $100,000, which also boosted MicroStrategy’s stock (MSTR) to over $500. However, MSTR faced a significant drop of about 22% due to concerns about its valuation stemming from heavy leverage, with the company holding approximately 386,700 BTC worth nearly $22 billion. Although MSTR has a profitable business ...
Bitcoin has seen a remarkable surge of over 38% in the past month, which has greatly benefited cryptocurrency mining companies like Riot Platforms Inc and Marathon Digital Holdings Inc. Both companies have recently achieved a “Golden Cross,” a sign of bullish Market momentum. Riot’s stock has jumped 35%, and it trades above its key moving ...
