MicroStrategy Shares Surge 7% Ahead of Nasdaq 100 Inclusion

Foreks - MicroStrategy shares rose by approximately 7.4% in Frankfurt as it prepares to join the technology-heavy Nasdaq 100 index. Currently, they are up by 6.84%, trading at $412.20. The Nasdaq index, which comprises the largest non-financial companies with a total value of $7 trillion, will gain indirect exposure to Bitcoin through MicroStrategy, which holds $44 billion worth of Bitcoin on its balance sheet. This represents about 2% of the total supply of the world's largest cryptocurrency. The expectation of increased purchases from funds aiming to replicate the composition of the Nasdaq 100 could further boost MicroStrategy's shares, which have already risen about 550% this year alongside the increase in Bitcoin prices.