For many years, MicroStrategy (MSTR 4.20%) was a sleepy tech stock. Between 2010 and 2020, the data mining and analytics software provider only grew its annual revenues at a compound annual rate of 0.6%, and it struggled to stay relevant against nimbler cloud-based competitors like Salesforce.
MicroStrategy will be added to the tech-heavy Nasdaq-100 Index, the exchange operator said on Friday, following a meteoric surge in the shares of the bitcoin buyer.
, the preferred high beta play on the price of bitcoin, will join the Nasdaq 100 index, a move that could further increase demand for the controversial stock that has been on a torrid run this year alongside the price of the cryptocurrency.
Andy Baehr says it's important to consider the macro factors weighing on Bitcoin to determine if it's run up continues. According to him, bullish indicators include lower volatility and crypto-related names like Microstrategy (MSTR) correlating up with Bitcoin.
@spotgamma 's Brent Kochuba joins Oliver Renick to discuss the options market impact on stocks, with his take on "Gamma Analysis" in today's trading world. Then, Oliver and Brent look at real world "FOMO" examples of Gamma impact in GameStop (GME), Microstrategy (MSTR), Salesforce (CRM), Tesla (TSLA) and Nvidia (NVDA).
MicroStrategy (MSTR -4.67%) still sells enterprise software, focused on data analytics and business intelligence. However, most investors see it as a direct bet on Bitcoin (BTC -0.64%) these days, and for good reason.
Investors will not be surprised to hear that MicroStrategy executive chairman and former CEO Michael Saylor is bullish on Bitcoin.
It seems Bitcoin BTC/USD miners have found their muse—and it's none other than MicroStrategy Inc MSTR.
MicroStrategy (MSTR 9.03%) is making a massive bet on the success of Bitcoin.
MicroStrategy's inclusion on the Nasdaq 100 index largely depends on whether it is classified as a software developer or a financials company
Get ready for the boom. In just two days, MicroStrategy (NASDAQ:MSTR) stock, which is already up 500% in 2024, could pad its incredible performance.
The firm gets classified as a software company due to its main business before it became the largest corporate holder of Bitcoin.