MicroStrategy and Palantir Join Nasdaq 100 Amid Annual Index Changes

MicroStrategy, known for its significant bitcoin holdings, will join the Nasdaq 100 index, potentially boosting demand for its stock as ETFs like the Invesco QQQ Trust will automatically include it. This move follows a year of substantial gains for MicroStrategy's stock, which has risen over sixfold, paralleling bitcoin's 140% increase. The inclusion, effective December 23, could lead to further market interest, with future aspirations for S&P 500 inclusion. MicroStrategy's strategy involves leveraging bitcoin to bridge traditional capital markets with the crypto economy.