Key Takeaways Palantir, MicroStrategy, and Axon Enterprise joined the Nasdaq 100 index on Monday. The index contains the 100 largest non-financial sector companies in the Nasdaq Composite Index and is reconstituted annually.

MicroStrategy shares rose about 3% on Monday as the software company and bitcoin buyer was set to join the tech-heavy Nasdaq 100 index, further brightening the prospects of the stock. The $25.7 trillion index that houses the largest non-financial companies will now gain indirect exposure to bitcoin via MicroStrategy,

The reconstituted Nasdaq 100 index, which also now includes Palantir and Axon Enterprise, will begin trading on Dec. 23.