Key Takeaways Shares of Palantir Technologies, MicroStrategy, and Axon Enterprise traded lower in their first day on the Nasdaq 100 Index.The Nasdaq announced Dec. 13 that the three would join the index before today's start of trading as part of its annual reconstitution.

MicroStrategy (MSTR), the software developer that has made acquiring bitcoin (BTC) a core value, added to its holding for a seventh week in a row. The company bought 5,262 BTC for a total of $561 million in the week ended Dec. 22 to take its total holdings to 444,262 BTC it said.

Shares of MicroStrategy Inc. (NASDAQ:MSTR) fell more than 8.5% Monday, marking a rough debut to its nascent tenure among the Nasdaq 100. The software company and top corporate Bitcoin (CRYPTO: BTC) holder has struggled lately,

MicroStrategy buys 5,262 BTC and joins Nasdaq-100, boosting its stock and Bitcoin holdings to over 444,000 BTC, valued at $42.7B.

MicroStrategy (MSTR) will be included in the Nasdaq 100 stock market index, beginning one of the ultimate vampire attacks on the stock market.

Shares of MicroStrategy were down over 4% as markets opened on Monday after the Michael Saylor-owned software enterprise announced its weekly Bitcoin buy, this time of over 5,000 BTC for around $561 million.

MicroStrategy unveiled a Bitcoin purchase for the seventh consecutive week, topping off its corporate coffers alongside its Nasdaq-100 debut.

On the same day, two prominent companies have gained recognition for their market performance and strategic initiatives. MicroStrategy, the business intelligence firm known for its substantial Bitcoin holdings,

MicroStrategy's business acumen is worth something, so the stock deserves to sell at a premium to the company’s bitcoin holdings