Here's Why MicroStrategy, Mara Holdings, and Riot Platforms Stock Were All Up Big Today

Shares of MicroStrategy (NASDAQ: MSTR) jumped on Monday, with the stock up about 5% as of 2 p.m. ET. And it was up for multiple reasons. On Friday (after the market closed), Nasdaq announced that the stock was going to be included in the Nasdaq-100 index -- a list of roughly 100 non-financial companies. It's an unbelievable development for the company considering its market capitalization was less than $1 billion just five years ago, which was far too small for Nasdaq-100 consideration.The incredible rise of MicroStrategy stock has been due to its aggressive investments in the world's largest cryptocurrency: Bitcoin. According to a Dec. 16 financial filing, the company just purchased 15,350 Bitcoins during the past week alone, bringing its total holdings to about 439,000 Bitcoins.That's a big deal considering the price of Bitcoin is up about 1,500% during the past five years. In fact, it even hit a new all-time high today at over $107,000 per Bitcoin. And as Bitcoin's price has gone up, MicroStrategy's holdings have consequently increased in value, making it one of the most valuable companies in the world and earning it a spot in the Nasdaq-100.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool