Palantir, MicroStrategy, Axon Stocks Fall on Their First Day in Nasdaq 100

Key Points - MicroStrategy announced an update on a stock sale aimed at raising up to $21 billion, with approximately $7.08 billion of shares remaining available for purchase [2] - Between December 16-22, MicroStrategy sold about 1.3 million shares valued at $561 million and purchased an additional 5,262 bitcoins at an average price of $106,662 [2] - As of the latest report, MicroStrategy holds a total of 444,262 bitcoins, making it the largest corporate holder of the cryptocurrency [2] - Despite a recent selloff, shares of MicroStrategy and Palantir Technologies have increased significantly this year, with gains of 445% and 360% respectively [2] - On their first day of trading on the Nasdaq 100 Index, shares of MicroStrategy, Palantir Technologies, and Axon Enterprise all opened lower [6] - The Nasdaq announced the inclusion of these companies in the index as part of its annual reconstitution on December 13 [6]