U.S. stock futures were lower this morning, with the Dow futures falling over 100 points on Thursday.
U.S. stock futures are edging lower in pre-market trading after tech stocks helped fuel a Christmas Eve rally; MicroStrategy (MSTR) stock is falling after a big jump from the bitcoin buyer as it plans to issue more shares; Uber (UBER) shares are little changed after government regulators in Taiwan blocked the company's proposed takeover of competitor Foodpanda; American Airlines (AAL) shares are down slightly after the air carrier suffered a brief grounding of its flights; and Netflix (NFLX) shares are edging higher after its Christmas Day broadcast of NFL football games. Here's what investors need to know today.
The company has profited enormously by buying Bitcoin and seems to be doubling down on its strategy.
MicroStrategy (NASDAQ: MSTR) has been the great beneficiary of the other 2024 boom – the one in the cryptocurrency market. The company's strategic investment in Bitcoin (BTC), paired with BTC's own stellar performance, has led to a share price skyrocketing of 384.87% in the year-to-date (YTD) chart and a press time price of $332.23.
MicroStrategy Inc. announced a special shareholder meeting on Monday to vote on proposals to support its $42 billion Bitcoin purchase plan. In a filing with the SEC, executive chairman Michael Saylor proposed increasing the company's authorized Class A shares from 330 million to 10.
Gina Sanchez, Lido Advisors, joins 'Power Lunch' to discuss stock plays for three stocks.
MicroStrategy (MSTR) began trading on the Nasdaq-100 as Bitcoin (/BTC) prices continued its recent downward trend. The company shared it added over 5k Bitcoin last week, taking its total count over 444k total coins.
It was announced on Dec. 13 that Bitcoin (CRYPTO:BTC) hoarder MicroStrategy (NASDAQ:MSTR) would be added to the Nasdaq 100 stock index on Dec.
On the same day, two prominent companies have gained recognition for their market performance and strategic initiatives. MicroStrategy, the business intelligence firm known for its substantial Bitcoin holdings, has entered the prestigious Nasdaq 100 index.
MicroStrategy's stock falls after the sale of $561 million worth of shares was used to buy bitcoin at more than $106,000 each.
The reconstituted Nasdaq-100 index, featuring the additions of MicroStrategy, Palantir, and Axon Enterprise, begins trading today.
MicroStrategy was already one of the hottest stocks on the planet, but the rally intensified after Donald Trump's election victory in November. Of the 439,000 bitcoin the company owns, more than one-third have been purchased since the election.