Microstrategy surges 6.5% in pre-market trading

MicroStrategy stock has popped more than 6% in pre-market trading as cryptocurrencies see gains amid Bitcoin’s surge to a new all-time high.

The MicroStrategy shares’ price is also rising as the market reacts to news that the leading corporate holder of Bitcoin (BTC) is set for inclusion in the Nasdaq-100 index.

While the MSTR stock trades below its recent peak above $543, the pre-market surge on Dec. 16 has the MicroStrategy shares above $430. Ahead of the upcoming listing as part of Nasdaq 100, sentiment in the BTC-focused business intelligence and software company is highly bullish.

In the announcement last Friday, Nasdaq disclosed MSTR’s inclusion in the 100 index takes effect on Dec. 23. Buying pressure that comes with the listing, often as funds scoop the new component, could fuel further gains for MicroStrategy’s price.

MSTR has exploded in the past year as the surging BTC helps catalyze upside momentum for crypto stocks. MicroStrategy, which has and continues to inspire adoption of Bitcoin as a corporate treasury for publicly-listed companies, first added the flagship cryptocurrency to its balance sheet in 2020.

Since then, the Michael Saylor-led company has acquired a staggering 423,650 BTC for approximately $25.6 billion. The total holdings average purchase price is $60,324 per bitcoin and was valued at roughly $42.3 billion with Bitcoin price above $100k.

Notably, the benchmark cryptocurrency has reached a new ATH of over $106k after the latest leg up. Pro-crypto comments from President-elect Donald Trump helped buoy bulls.

The MicroStrategy stock has on its part soared by more than 350 year-to-date. Over the past four years, MSTR has outperformed the S&P 500, gold, real estate and bonds. Its annualized performance stood at 124%, compared to 64% for Bitcoin, 15% for the S&P 500 and 10% for real estate.

In this period, and as of Dec. 13, safe haven asset gold had an annualized return of just 7%. Meanwhile, bonds stood at -5%. Founder and Chairman Michael Saylor, who sees Bitcoin as ‘digital property’, shared this performance on X.

MicroStrategy’s Bitcoin strategy has analysts looking at its potential to continue outpacing peers in the market. The move to have MSTR make up the Nasdaq-100 index has analysts noting it could be headed to the S&P 500 next.

MSTR closed at $408 on Dec. 13. The hot stock hovered above $431 at the time of writing.