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 ...

Shares of MicroStrategy (MSTR -0.20%) jumped on Monday, with the stock up about 5% as of 2 p.m. ET. And it was up for multiple reasons. On Friday (after the market closed), Nasdaq announced that the stock was going to be included in the Nasdaq-100 index -- a list of roughly 100 non-financial companies. It's an unbelievable development for the company considering its market capitalization was less than $1 billion just five years ago, which was far too small for Nasdaq-100 consideration.The incredible rise of ...

Uttam is a growth-oriented investment analyst whose equity research primarily focuses on the technology sector. Semiconductors, Artificial Intelligence and Cloud software are some of the key sectors that are regularly researched and published by him. His research also focuses on other areas such as MedTech, Defense Tech, and Renewable Energy. In addition, Uttam also authors The Pragmatic Optimist Newsletter along with his wife, Amrita Roy, who is also an author on the newsletter as well as on this platform. ...

Key TakeawaysPalantir, MicroStrategy, and Axon Enterprise joined the Nasdaq 100 index on Monday. The index contains the 100 largest non-financial sector companies in the Nasdaq Composite Index and is reconstituted annually. The new additions replace Super Micro Computer, Moderna, and Illumina.  Palantir Technologies (PLTR), MicroStrategy (MSTR), and Axon Enterprise (AXON) joined the Nasdaq 100 Index on Monday, pushing out Super Micro Computer (SMCI), Moderna (MRNA), and Illumina (ILMN), the Nasdaq said Frid ...

Key TakeawaysMicroStrategy shares rose in premarket trading Monday after Bitcoin set a new record high and the company's stock was added to the Nasdaq 100 index.The stock has consolidated within a descending triangle, a chart pattern that often signals a move in the direction of a breakout or breakdown.The bars pattern tool, which extracts the recent trend higher that preceded the descending triangle and repositions it from the pattern’s upper trendline, forecasts an upside target of around $800.Investors s ...

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 ...