MicroStrategy (NASDAQ: MSTR) has been the great beneficiary of the other 2024 boom – the one in the cryptocurrency market. The company’s strategic investment in Bitcoin (BTC), paired with BTC’s own stellar performance, has led to a share price skyrocketing of 384.87% in the year-to-date (YTD) chart and a press time price of $332.23.MSTR stock YTD price chart. Source: GoogleHowever, on December 24, 2024, MicroStrategy stock is facing an increasing danger of an imminent plummet, with at least one cause being ...

MicroStrategy (MSTR) , the world’s largest Bitcoin hoarder, is set to join the Nasdaq 100 index today. The move will offer the cryptocurrency more exposure in the tech-heavy market. The stock is often viewed as a Bitcoin proxy. The MSTR stock surged 11.6% on Dec. 20, though the stock posted a weekly loss of 14.4% due to less dovish Fed cues.Nasdaq 100 Gains Indirect Bitcoin ExposureThe $25.7 trillion index, composed of the top 100 tech and non-financial companies from the larger Nasdaq Composite index, now ...

Michael Saylor, chairman and chief executive officer at MicroStrategy, during an interview at the Bitcoin 2023 conference in Miami Beach, Florida, US, on Thursday, May 18, 2023. Eva Marie Uzcategui | Bloomberg | Getty ImagesOn the eve of MicroStrategy's stock market debut in June 1998, founder Michael Saylor stayed in a penthouse suite at the Lotte New York Palace in Midtown Manhattan. Saylor, who was 33 at the time, says it was the most exquisite hotel room he'd ever seen, paid for by lead underwriter Merr ...

U.S. stock futures advanced on Monday following a tumultuous week which included the Federal Reserve’s hawkish rate cut on Wednesday and a “Triple Witching” hour session on Friday. Two out of the four major index futures were trading higher in premarket trade.The 10-year and two-year Treasury yields stood at 4.53% and 4.32%, respectively. The probability of having no change in the interest rates for the upcoming Jan. 31, 2025 decision was at 91.4%, according to CME Group’s FedWatch Tool.Trading schedules wi ...

Key TakeawaysMicroStrategy shares have gained more than 400% since the start of the year thanks to investor optimism about the software company's strategy of buying bitcoin as the cryptocurrency repeatedly hits record highs.The stock, while considered a proxy for bitcoin, has far outpaced the gains of the digital currency. Like bitcoin, it's also extremely volatile.MicroStrategy uses leverage to buy more bitcoin. These purchases are funded by issuing more shares or debt.While analysts remain bullish on the ...

After a massive rally over the past quarter, shares of MicroStrategy Inc. NASDAQ: MSTR started to face some controversy regarding the underlying business model and methods of this technology stock accumulating Bitcoin on their balance sheet through shareholder dilution. However, that pressure quickly subsided after a recent announcement that could boost the company higher. MicroStrategy has now been accepted into the Nasdaq-100 index, where the company will start trading as of December 23, 2024. This means ...

Shares of MicroStrategy (MSTR -1.11%) fell as much as 20.8% in the first four trading days this week as the price of Bitcoin dropped and the company's premium to assets on the balance sheet came down. On Friday morning, shares were still down 22.5% for the week in pre-market trading, according to data provided by S&P Global Market Intelligence.MicroStrategy and BitcoinWhat MicroStrategy is trying to do is use its stock to purchase more Bitcoin and increase the amount of Bitcoin held per share. The strategy ...

In September, Riot Platforms (RIOT -6.36%) stock dropped down to almost $6 per share, falling to its lowest price in nearly two years. In the three short months since, Riot Platforms stock has more than doubled. And some investors believe it's just getting started.Investors believe Riot Platforms stock could be in for more gains because of what's happened with MicroStrategy (MSTR -6.63%) stock in recent years. For context, MicroStrategy stock went public in 1998 and it had gone nowhere as of the end of 2019 ...

MIAMI, FLORIDA - JUNE 04: MicroStrategy CEO Michael Saylor walks through the Bitcoin 2021 ... [+] Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. The crypto conference is expected to draw 50,000 people and runs from Friday, June 4 through June 6th. (Photo by Joe Raedle/Getty Images)Getty ImagesMicroStrategy — the provider of analytical software — has since 2020 transformed itself into a way for traders to bet on bitcoin, according to ...

MicroStrategy (MSTR) , the world’s largest Bitcoin hoarder, is set to join the Nasdaq 100 index on Dec. 23. The move will offer the cryptocurrency more exposure in the tech-heavy market. The stock is often viewed as a Bitcoin proxy.A Major Bitcoin Proxy in the Nasdaq 100MicroStrategy holds an astounding number of 423,650 Bitcoins, making it a unique and volatile addition to the Nasdaq 100. The index comprises the top 100 tech and non-financial companies from the larger Nasdaq Composite index (IXIC), which h ...