MicroStrategy (MSTR) has experienced a remarkable 500% increase in its stock price this year. As a result of this impressive growth, the company is set to join the Nasdaq 100 index and the popular tech-heavy ‘QQQ’ ETF.
The Nasdaq 100 index is made up of the 100 largest non-financial companies listed on the Nasdaq stock exchange. Being included in this index is a significant milestone for MicroStrategy, as it demonstrates the company’s strong performance and market capitalization.
Additionally, the ‘QQQ’ ETF, which tracks the performance of the Nasdaq 100 index, will also include MicroStrategy in its portfolio. This means that investors who hold shares in the ‘QQQ’ ETF will now have exposure to MicroStrategy’s stock.
Overall, MicroStrategy’s inclusion in the Nasdaq 100 index and the ‘QQQ’ ETF is a testament to the company’s impressive growth and performance in the market. Investors will be closely watching how this development impacts the company’s stock price and future prospects.