MicroStrategy jumps as company set to join Nasdaq 100 index

Axon Enterprise

16/12/2024 10:29

** MicroStrategy  MSTR.O  shares rise by 6.1% in premarket
trading as the company is set to join the tech-focused Nasdaq
100 index 
    ** Other entrants to Nasdaq 100 along with MSTR: Palantir
 PLTR.O  and Axon Enterprise  AXON.O  up 1% and 3.1%,
respectively, in premarket trading
    ** Companies to be removed from the index fall: Illumina
 ILMN.O  down 1.2%, Super Micro Computer  SMCI.O  down 11.8% and
Moderna  MRNA.O  down 0.6%
    ** Nasdaq 100 index will now gain indirect exposure to
bitcoin via MSTR, which holds $44 bln worth of the
cryptocurrency on its balance sheet
    ** MSTR has more than doubled its bitcoin holdings this year
through equity and debt deals
    ** Company's market capitalization rose to more than $100
bln based on the latest premarket share price, more than twice
the value of its bitcoin stockpile
    ** The reconstituted index will begin trading on Dec. 23
    ** As of last close, MSTR up more than six-fold, while PLTR
has gained more than four-fold and AXON has more than doubled,
YTD
    

 (Reporting by Sukriti Gupta in Bengaluru)
 ((Sukriti.Gupta@thomsonreuters.com;))