Microstrategy surges 6.5% in pre-market trading

MicroStrategy stock jumped more than 6% in premarket trading as cryptocurrencies post gains amid Bitcoin’s surge to a new all-time high.

MicroStrategy stock price is also rising as the market reacts to the news that the leading Bitcoin holding company (BTC) is expected to be included in the Nasdaq-100 Index.

While MSTR stock is trading below its recent high above $543, the Dec. 16 pre-market rally puts MicroStrategy shares above $430. Ahead of the upcoming Nasdaq 100 listing, sentiment within the BTC-focused business intelligence and software company is very optimistic.

In last Friday’s announcement, Nasdaq revealed that MSTR’s inclusion in the 100 index would take effect on December 23. The buying pressure that accompanies the listing, often as funds purchase the new component, could fuel further gains for MicroStrategy’s price.

MSTR has exploded over the past year as BTC’s surge helps catalyze bullish momentum in crypto stocks. MicroStrategy, which inspired and continues to inspire the adoption of Bitcoin as a corporate treasury for publicly traded companies, first added the flagship cryptocurrency to its balance sheet in 2020.

Since then, the company led by Michael Saylor has acquired a staggering 423,650 BTC for approximately $25.6 billion. The average purchase price of total holdings is $60,324 per bitcoin and has been valued at approximately $42.3 billion, with bitcoin priced above $100,000.

Notably, the benchmark cryptocurrency reached a new ATH of over $106,000 after the latest surge. Pro-crypto comments from President-elect Donald Trump helped support the bulls.

MicroStrategy stock has climbed more than 350 years since its inception. Over the past four years, MSTR has outperformed the S&P 500, gold, real estate and bonds. Its annualized performance amounts to 124%, compared to 64% for Bitcoin, 15% for the S&P 500 and 10% for real estate.

During this period and as of December 13, gold, a safe haven, had an annualized return of just 7%. Meanwhile, bonds stood at -5%. Founder and President Michael Saylor, who see Bitcoin as a “digital property”, shared this performance on X.

MicroStrategy’s Bitcoin strategy has analysts examining its potential to continue outperforming its peers in the market. The decision to include the MSTR in the Nasdaq-100 Index has analysts noting that it could head to the S&P 500 next.

MSTR closed at $408 on December 13. The hot stock was hovering above $431 at the time of writing.