ToplineShares of MicroStrategy rallied Monday after the corporate bitcoin holder earned a spot in a key stock index, an apparent institutional vote of confidence in the company whose stock has been red hot amid the cryptocurrency boom.MicroStrategy chairman Michael Saylor speaks at a 2021 conference.Getty Images Key FactsMicroStrategy stock gained 4% at market open, enjoying a bump from the Nasdaq announcing after Friday’s close that the Virginia-based company would join its Nasdaq 100 stock index next Mond ...

Aug. 11, 2020, is a day that changed the cryptocurrency market forever, for better or for worse. For technology company MicroStrategy (MSTR 4.20%) and its shareholders, it seems that it was a change for the better.That was the day that MicroStrategy first bought Bitcoin (BTC 1.55%). A few weeks prior, then-Chief Executive Officer Michael Saylor said the company was exploring the cryptocurrency as a way to fight inflation. But as the chart below shows, Bitcoin has been far more than an inflation hedge. As of ...

Michael Saylor, chairman and CEO of MicroStrategy, speaks during the Bitcoin 2022 conference in Miami on April 7, 2022.Shares of MicroStrategy were higher Monday after Nasdaq announced the bitcoin proxy will join the tech-heavy Nasdaq-100 index.The stock last traded more than 5% higher in premarket trading.Nasdaq rebalances its Nasdaq-100 index every year. The companies flagged for inclusion are mostly based on the market cap rankings as of the final trading day of November. The stocks also need to meet liq ...

The Bitcoin-hoarding software company is a high-risk, high-potential-reward investment.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.But in 2020, MicroStrategy's co-founder and then-CEO Michael Saylor directed it to invest $250 million in Bitcoin (BTC 1.51%). It h ...

MicroStrategy, 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 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 Trust, which has $325 billion in assets – will become automatic buyers ...

Investing in MicroStrategy for Bitcoin exposure? Don't forget to monitor this crucial metric before joining chairman Michael Saylor's Bitcoin-buying spree.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 -0.62%) these days, and for good reason.Under the authority of co-founder and Chairman Michael Saylor, who also served as MicroStrategy's CEO at the time, the company converted mos ...

Investors will not be surprised to hear that MicroStrategy executive chairman and former CEO Michael Saylor is bullish on Bitcoin.*Stock prices used were the afternoon prices of Dec. 10, 2024. The video was published on Dec. 12, 2024. ...

It seems Bitcoin BTC/USD miners have found their muse—and it's none other than MicroStrategy Inc MSTR. JPMorgan's Nikolaos Panigirtzoglou reveals that miners are mimicking the tech company's aggressive bitcoin accumulation strategy as they navigate a landscape of dwindling mining rewards and rising competition.The result? A shift in how these digital prospectors approach profitability.MicroStrategy, led by Bitcoin evangelist Michael Saylor, helped start the corporate trend of turning cash flow and leverage ...

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MicroStrategy (MSTR 3.28%) is committed to adding billions of dollars' worth of Bitcoin over the next several years.*Stock prices used were the afternoon prices of Dec. 8, 2024. The video was published on Dec. 10, 2024. ...