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MicroStrategy joins Nasdaq-100 boosting Bitcoin exposure for investors
MicroStrategy has officially joined the Nasdaq-100 index, replacing Illumina, Super Micro Computer, and Moderna as part of the annual reconstitution. With a market cap of $88.6 billion, MicroStrategy accounts for 0.42% of the index, potentially attracting $2.1 billion in ETF buying activity. The company's stock has surged 476% this year, driven by Bitcoin's price movements, and closed at $364 after an 11.5% jump.
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