MicroStrategy's Nasdaq-100 entry attracts nearly $11 million of retail inflows

Quick Summary:

Retail investors poured nearly $11 million into MicroStrategy's shares on Monday, almost three times their average daily inflows this year, after the biggest corporate holder of bitcoin secured a spot in the Nasdaq-100 index.

Revenue from its software business fell 10 per cent in the third quarter.

Michael Saylor, the co-founder and executive chairman of MicroStrategy, is known for posting his bullish views on crypto to millions of his followers on X.

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Category: EconomyBusiness

Markets: Singapore

Topics: Million Data Retail Investors Business Bitcoin Stock Price 2024 Microstrategy Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 01:20:26 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 393 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24516439

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Main Topics: EconomyBusiness

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