MicroStrategy shares jump as bitcoin proxy will join Nasdaq-100 index and ‘QQQ’ ETF – Qrius

Shares of MicroStrategy, a business intelligence firm, surged after news broke that it will be added to the Nasdaq-100 index and the ‘QQQ’ ETF. This move is significant as MicroStrategy is considered a bitcoin proxy, meaning its stock price is heavily influenced by the value of the cryptocurrency. Investors are optimistic about the company’s future prospects now that it will be included in these key indexes and ETFs. This decision reflects the growing importance of bitcoin in the financial markets and demonstrates the increasing acceptance of cryptocurrencies in mainstream investment strategies.