MicroStrategy to join Nasdaq-100 as Bitcoin fuels 500% share rally

Michael Saylor's MicroStrategy will join the tech-heavy Nasdaq-100 index, effective December 23. This comes after its shares surged roughly 500% this year driven by a sharp rise in Bitcoin prices, taking the company's market value to around $94 billion. MicroStrategy, which is the largest corporate holder of Bitcoin, has roughly 423,650 Bitcoins worth over $43 billion.