Retail investors funneled $11 million into MicroStrategy shares on Monday, nearly three times their average daily inflows this year, following the company's addition to the Nasdaq-100 index. MicroStrategy's stock has surged 550% this year, significantly outperforming Nvidia's roughly 160% gain. As the largest corporate holder of bitcoin, MicroStrategy has become a "poster child" for tracking bitcoin's price. Bitcoin's recent milestone above $100,000 and Michael Saylor's bullish advocacy have fueled the company’s popularity. Short interest in the stock declined significantly since the start of the year.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Retail investors funneled $11 million into MicroStrategy shares on Monday,
00:06nearly three times their average daily inflows this year,
00:09following the company's addition to the NASDAQ 100 index.
00:12MicroStrategy's stock has surged 550% this year,
00:16significantly outperforming NVIDIA's roughly 160% gain.
00:19As the largest corporate holder of Bitcoin,
00:22MicroStrategy has become a poster child for tracking Bitcoin's price.
00:26Bitcoin's recent milestone above $100,000 and Michael Saylor's bullish advocacy
00:31have fueled the company's popularity.
00:33Short interest in the stock declined significantly since the start of the year.