Bitcoin surged to a record high above $106,000 in early Asian trade on Monday, boosted by comments from President-elect Donald Trump that suggested he plans to create a U.S. bitcoin strategic reserve similar to its strategic oil reserve.

Bitcoin, the world's biggest and best known cryptocurrency, hit a high of $106,533 and last traded at $105,688.

Crypto shares shined in overnight trading as bitcoin surged to a record high above $106,000.

Canaan up 8%; Bit Digital up 7%; Mara Holdings, Microstrategy, CleanSpark up 6%; Riot Platforms up 4.5%; Bakkt Holdings rose 4%; Coinbase rose 3.5%.

Palantir Technologies Inc. rose 3% in overnight trading. SUPER MICRO COMPUTER INC fell 10%.

Palantir Technologies Inc., MicroStrategy, and Axon Enterprise, Inc. will join the Nasdaq 100 index as part of its annual reconstitution, replacing Moderna, Inc., SUPER MICRO COMPUTER INC, and Illumina.

These changes had been expected because the reconstitution adds companies with the highest market values in the Nasdaq Composite index that aren't in the Nasdaq 100 and drops companies with the lowest market values. Barron's wrote Friday that Palantir and MicroStrategy led the list of potential adds to the Nasdaq 100. Palantir shifted to the Nasdaq from the NYSE in November to be eligible for inclusion in the Nasdaq 100 at the reconstitution.

NVIDIA-Backed SoundHound AI Inc rose 3% in overnight trading after soaring 24% in the previous trading day. It’s now up nearly 700% this year.

Quantum computing stocks surged in overnight trading.

Rigetti Computing rose 6%; D-Wave Systems rose 5%; QUBT rose 4%.