Bitcoin buyer MicroStrategy ends flat after getting Nasdaq 100 nod

Quick Summary:

:MicroStrategy shares briefly surged on Monday before faltering to end nearly unchanged, after the software company and bitcoin stockpiler was selected to join the tech-heavy Nasdaq 100 index, further brightening the prospects of the stock.The $25.

It could be "the start of a looping cycle of capital that could potentially drive up the spot BTC price," said Matthew Dibb, chief investment officer at cryptocurrency asset manager Astronaut Capital.

Short sellers, or investors betting against MicroStrategy's shares, have lost a total of $9.7 billion since the beginning of the year.

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Category: EconomyBusiness

Markets: Singapore

Topics: Cent Nasdaq Microstrategy Cryptocurrency Bitcoin Price Index Billion Company Surged Shares

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 06:25:28 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 566 words

Reading Time: 4 minutes read

Sentences: 20 lines

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News ID: 24472084

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