Enterprise software company MicroStrategy (MSTR) will be added to the tech-heavy Nasdaq-100 Index ($IUXX) next week, making its stock price volatile in the near term. The inclusion follows MicroStrategy’s solid performance, with the stock rallying over 450% year-to-date, easily crushing the broader market returns. Its massive exposure to Bitcoin (BTCUSD) increases the stock’s underlying volatility as it is viewed as a proxy to the world’s largest cryptocurrency.
