CNBC Daily Open: Asia-Pacific Stocks Lead, UK Economy Grows, and MicroStrategy's Bitcoin Gamble

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. \The Asia-Pacific stock market is performing best, driven by large tech stocks. The New York Stock Exchange closes early Tuesday for Christmas Eve. \The UK economy grew by 0.3% 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 UK economy had unexpectedly slowed. \Berkshire Hathaway, led by legendary investor Warren Buffett, has amassed a record-breaking amount of cash, the largest 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 focus on business intelligence, saw its shares 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 aggressive bitcoin buying strategy. 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. The flipside of it is that if bitcoin prices crater for any reason — volatile as cryptocurrency can be — MicroStrategy shares may stumble too

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