MicroStrategy Stock Is Up 400% This YearWhat You Need to Know About the Bitcoin Proxy [Video]

MicroStrategy (MSTR) was an obscure software company until it started making a massive bet on bitcoin (BTCUSD).

Shares of the company have gained more than 400% since the start of 2024, as bitcoin has surged to record highs above $100,000 amid optimism that the digital currency will benefit from policies that the incoming Trump administration and a crypto-supportive Congress are likely to put in place.

MicroStrategy, little known to most investors before this year’s rally, is now stepping further into the spotlight as it joins the Nasdaq 100 Index, which comprises many of the largest, most actively traded companies in the world, including Nvidia (NVDA), Apple (AAPL) and Tesla (TSLA). As a result, exchange-traded funds that track the index, such as the Invesco QQQ Trust (QQQ), have to adjust their portfolios to include MicroStrategy.

Analysts have expressed optimism that the rally …