Bitcoin proxy stock, MicroStrategy will join the Nasdaq 100 index on December 23rd, potentially increasing demand for its shares. This inclusion will make ETFs like the Invesco QQQ Trust automatic buyers. Shares of MicroStrategy have risen over sixfold this year, while bitcoin has gained nearly 140%. The Nasdaq 100 index is rebalanced annually, with this year’s selection based on market cap rankings as of November 29th. Other changes to the Nasdaq 100 include Palantir Technologies and Axon Enterprise joining, while Illumina, Moderna, and Super Micro Computer will be removed.
