Palantir, MicroStrategy, Axon Stocks Fall on Their First Day in Nasdaq 100 | Global News Avenue

Not a great start for new members Nasdaq 100 Index.

Palantir Technologies stock (PLTR), micro strategy (Magnetic transmission technology) and Axon Enterprise (axon) All trades started lower on day one include in prestigious indices.

Nasdaq said on Dec. 13 that the three would be included in its indexes before the market opens today as part of an annual reorganization.

MicroStrategy updates stock sale, buys more Bitcoin

Also weighing on MicroStrategy’s stock price was an update on a stock offering the company announced on Oct. 30 to raise up to $21 billion, as well as new Bitcoin (BTC) Buy. The company noted in a regulatory filing that it had sold approximately 1.3 million shares worth $561 million between December 16 and 22. MicroStrategy added that approximately $7.08 billion in shares remain available for purchase.

The largest corporate holder of the cryptocurrency also reported that it had paid the same amount to purchase an additional 5,262 Bitcoins from December 16 to 22. The average price is $106,662, which is close to the cryptocurrency’s all-time high.

MicroStrategy explained that as of Sunday, it owned 444,262 Bitcoins.

Despite today’s sell-off, shares of Palantir Technologies and MicroStrategy have soared 360% and 445%, respectively, this year, while Axon Enterprise’s shares are up 140%.