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.

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

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 (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.

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

After a massive rally over the past quarter, shares of MicroStrategy Inc. (NASDAQ: MSTR) started to face some controversy regarding the underlying business model and methods of this technology stock accumulating Bitcoin on their balance sheet through shareholder dilution.