This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Asia-Pacific stocks are performing strongly, led by large tech stocks. The New York Stock Exchange closes early Tuesday for Christmas Eve. British GDP grew by 0.2% in the three months ending September, according to revised figures from the Office for National Statistics, published Monday.
Previous estimates had pegged third-quarter gross domestic product at 0.1%. Earlier this month, data from the ONS showed the U.K. economy had unexpectedly grown. Berkshire Hathaway has amassed the largest amount it's hoarded in absolute terms. Cash now comprises around 30% of Berkshire's total assets, the highest proportion in 34 years, according to data from Oppenheimer. Buffett sold large quantities of Apple and Bank of America shares this year. Why is the 94-year-old legendary investor holding on to so much cash? Analysts weigh in. MicroStrategy, a publicly traded company known for its investment in bitcoin, saw its stock slump 8.8% on its first day in the Nasdaq-100 index, following the cryptocurrency's price falling to below $93,000 on Monday. That said, MicroStrategy is still among the best-performing U.S. tech companies valued at $5 billion or more, according to FactSet data. Its shares have rocketed 426% so far this year, mostly thanks to the company's bitcoin holdings. With the rally in bitcoin following Donald Trump's election victory, MicroStrategy's bitcoin holding is now worth around $42 billion. It's the basis for the company's market capitalization ballooning to $82 billion from roughly $1.1 billion from the time it began buying bitcoin in bulk. Investors looking to ride on MicroStrategy's explosive rise should remember that the company's share price is currently trading on the back of bitcoin prices
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