MicroStrategy shares question inclusion in Nasdaq 100 – Bitcoin continues to rise
MicroStrategy’s inclusion in the Nasdaq 100 represents a Bitcoin win. If MicroStrategy continues to expand its holdings through potential capital inflows into Bitcoin, this could further fuel the recent rally. On the other hand, due to the dependence on Bitcoin, investors should prepare more for increased volatility.
MicroStrategy is scheduled to enter the Nasdaq 100 on December 23, 2024
Software company MicroStrategy will join the tech-heavy Nasdaq 100, the stock exchange operator announced last Friday. The company currently has about 423,650 Bitcoins, which were bought for about 25.6 billion, based on the average price on December 8.
MicroStrategy is to move into the index on December 23rd.
Bitcoin rises above $107,000 – the Fed and Trump have hope
After reaching the $106,000 mark for the first time, Bitcoin managed to continue its recent record high. Investors could be setting their sights on the $110,000 mark soon. Investors are now clearly feeling comfortable in six-figure price ranges. Few market participants are currently thinking about the potential profit, so the rally may continue. The initial signal for the year-end rally may have been fired.
Bitcoin and Co continue to get a boost from a more favorable environment for risk assets and the gradual unwinding of short positions. Buying interest is mainly driven by the hope that US President-elect Donald Trump will significantly reduce the regulatory headwind. As long as Trump repeatedly speaks as a defender of Bitcoin and Co before taking office, investors will likely continue to seek breeding ground. In particular, the prospect of introducing strategic Bitcoin reserves could keep risk appetite alive.
How to trade MicroStrategy shares yourself with IG
Want to trade MicroStrategy shares yourself? Open a live or demo account on IG and buy (long) or sell (short) MicroStrategy using derivatives such as CFDs in a few simple steps:
1. Create an IG trading account or log into your existing account.
2. Type and select “MicroStrategy” in the search bar.
3. Choose your position size.
4. Click Buy or Sell Order Ticket.
5. Confirm the order.
