MicroStrategy’s Stock Surges 6.5% in Pre-Market Trading

MicroStrategy’s stock has surged over 6% in pre-market trading as cryptocurrencies experience gains, particularly with Bitcoin reaching a new all-time high.

The rise in MicroStrategy shares is also influenced by the announcement that the prominent corporate holder of Bitcoin (BTC) will be included in the Nasdaq-100 index.

Despite MSTR stock being below its recent peak of over $543, the pre-market surge on December 16 has pushed MicroStrategy shares past $430. With the impending Nasdaq 100 listing, sentiment surrounding the Bitcoin-centric business intelligence and software firm is notably optimistic.

Last Friday, Nasdaq announced that MSTR’s inclusion in the 100 index will take effect on December 23. The buying pressure associated with the listing, as funds often acquire new components, could drive further gains for MicroStrategy’s share price.

Over the past year, MSTR has seen remarkable growth as the rising Bitcoin catalyzes upward momentum for crypto stocks. MicroStrategy, which has been pivotal in promoting Bitcoin adoption as a corporate treasury for publicly traded companies, first added the flagship cryptocurrency to its balance sheet in 2020.

Since that time, the company, led by Michael Saylor, has purchased an impressive 423,650 BTC for approximately $25.6 billion. The average purchase price for these holdings is $60,324 per Bitcoin, with their total value reaching around $42.3 billion when Bitcoin was priced above $100k.

Notably, the leading cryptocurrency has achieved a new all-time high of over $106k following its latest rally. Positive remarks from President-elect Donald Trump have also lifted investor sentiment.

Year-to-date, MicroStrategy stock has skyrocketed by more than 350%. Over the last four years, MSTR has outperformed the S&P 500, gold, real estate, and bonds. Its annualized performance has reached 124%, compared to 64% for Bitcoin, 15% for the S&P 500, and 10% for real estate.

During this period, as of December 13, the safe-haven asset gold had an annualized return of only 7%, while bonds recorded a -5% return. Founder and Chairman Michael Saylor, who considers Bitcoin as ‘digital property’, shared this performance data on X.

MicroStrategy’s strategy regarding Bitcoin has analysts optimistic about its ability to continue outperforming rivals in the market. The decision for MSTR to be part of the Nasdaq-100 index has some analysts suggesting it may be on track for inclusion in the S&P 500 next.

MSTR was priced at $408 on December 13, and the stock was trading above $431 at the time of this writing.



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