🚨📣 : Bitcoin broker MicroStrategy joins Nasdaq 100 index and QQQ ETF
📣 News summary:
- MicroStrategy will join Nasdaq 100 index, potentially increasing demand for its shares which have seen a six-fold increase this year.
- The listing means major ETFs, such as Invesco QQQ Trust, will be automatic buyers of MicroStrategy shares, further boosting its stock value.
- MicroStrategy has moved from selling enterprise software to focusing on bitcoin investments, currently holding 423,650 bitcoin and targeting an S&P 500 listing by 2025.
- The company has a market cap of around $90 billion despite generating less than $500 million in revenue recently, as its trading behavior reflects bitcoin’s volatility.