MicroStrategy to Join Nasdaq 100 on December 23

According to a recent Nasdaq press release , MicroStrategy, the business intelligence platform and software provider founded by Michael Saylor, will join the Nasdaq 100 on Dec. 23. Along with Palantir Technologies and Axon Enterprise, it will replace Illumina, Super Micro Computer, and Moderna in the index. The Nasdaq 100 comprises the 100 largest non-financial companies listed on the Nasdaq stock exchange and is a benchmark for myriad financial products, such as options, futures, and ETFs. Microsoft, Amazon, Meta, Netflix, Nvidia, and Tesla are some prominent names on the list. MicroStrategy’s MSTR has been one of the best-performing stocks this year. It is up 524% year-to-date (YTD) and has outperformed the S&P 500, which is up 28%. MSTR’s price surge is due to Bitcoin’s ongoing rally, as the company is the largest corporate holder of Bitcoin, with 439,000 BTC in its possession. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io