Bitcoin proxy stock, MicroStrategy will join the Nasdaq 100 index on December 23rd, potentially increasing demand for its shares. This inclusion will make ETFs like the Invesco QQQ Trust automatic buyers. Shares of MicroStrategy have risen over sixfold this year, while bitcoin has gained nearly 140%. The Nasdaq 100 index is rebalanced annually, with this year’s selection based on market cap rankings as of November 29th. Other changes to the Nasdaq 100 include Palantir Technologies and Axon Enterprise joining, while Illumina, Moderna, and Super Micro Computer will be removed.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Bitcoin proxy stock MicroStrategy will join the Nasdaq 100 index on December 23rd,
00:07potentially increasing demand for its shares. The inclusion will make EFTs like the Invesco QQQ
00:12trust automatic buyers. Shares of MicroStrategy have risen sixfold this year, while Bitcoin has
00:18gained nearly 140%. The Nasdaq 100 index is rebalanced annually, with this year's selection
00:24based on market cap rankings as November 29th. Other changes to the Nasdaq 100 include
00:30Palantir Technologies and Exxon Enterprises joining, while Illumina,
00:34Moderna, and Supermicrocomputer will be removed.