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,

Investors are snapping up the three stocks that are set to join the Nasdaq 100 next week, judging by premarket action.