$MicroStrategy(MSTR)$ join NAS-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$MicroStrategy(MSTR)$ join NASDAQ 100 !! 🚨

$MicroStrategy(MSTR)$ , 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.

The $NASDAQ 100(NDX)$ comprises 100 of the largest nonfinancial companies in the tech-focused Nasdaq Composite index. A stock’s addition means that ETFs – including the highly popular $Invesco QQQ(QQQ)$ , which has $325 billion in assets – will become automatic buyers as well.

Shares of the bitcoin proxy could be set to gain off the move. They’re up more than sixfold this year, compared with Bitcoin’s nearly 140% gain in the same period.

The change, which will become effective before the market open on Dec. 23, was announced Friday after the stock market close. MicroStrategy was widely telegraphed as a potential contender for membership by investors who were looking forward to the index’s rebalancing this week.

With its 6x surge this year and Bitcoin’s rise, will ETF inflows fuel even more gains? Is this the next big tech play or just crypto speculation in disguise? 🚀📈

$MicroStrategy(MSTR)$

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Comments

NewmanGray
12-16
NewmanGray
This could be a game-changer for MSTR! The ETF inflows will likely boost its price significantly.
AuntieAaA
12-16
AuntieAaA
Good

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Is this the next big tech play or just crypto speculation in disguise? 🚀📈</p><p> <a data-mention-id=\"MSTR\" class=\"teditor-mention\" data-mention-name=\"MicroStrategy\" href=\"https://ttm.financial/S/MSTR\">$MicroStrategy(MSTR)$</a> <v-v data-views=\"1\"></v-v></p></body></html>","htmlText":"<html><head></head><body><p> <a data-mention-id=\"MSTR\" class=\"teditor-mention\" data-mention-name=\"MicroStrategy\" href=\"https://ttm.financial/S/MSTR\">$MicroStrategy(MSTR)$</a>  join NASDAQ 100 !! 🚨</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0629dd1b6ee403d6a759545589cae9f3\" tg-width=\"1858\" tg-height=\"1045\"></p><p> <a data-mention-id=\"MSTR\" class=\"teditor-mention\" data-mention-name=\"MicroStrategy\" href=\"https://ttm.financial/S/MSTR\">$MicroStrategy(MSTR)$</a> , the preferred high beta play on the price of bitcoin, will <u>join </u>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.</p><p style=\"text-align: start;\">The  <a data-mention-id=\"NDX\" class=\"teditor-mention\" data-mention-name=\"NASDAQ 100\" href=\"https://ttm.financial/S/NDX\">$NASDAQ 100(NDX)$</a> comprises 100 of the largest nonfinancial companies in the tech-focused Nasdaq Composite index. 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