MicroStrategy Joins Nasdaq 100 After Bitcoin-Driven Growth

The company's inclusion in the tech-heavy index highlights its dual identity as a software firm and a major Bitcoin holder.

MicroStrategy, Palantir Technologies, and Axon Enterprise will join the Nasdaq 100 Index, replacing Illumina, Super Micro Computer, and Moderna.
The change, effective December 23, 2024, follows MicroStrategy's sixfold stock surge this year, driven by its aggressive Bitcoin acquisition strategy.
MicroStrategy now holds over 423,650 bitcoins, valued at approximately $42 billion, making it the largest corporate Bitcoin holder globally.
Analysts project the inclusion could attract billions in passive investment inflows from ETFs like the Invesco QQQ Trust MicroStrategy's visibility and access to capital.
The company's Nasdaq 100 entry is seen as a milestone for institutional acceptance of Bitcoin, with potential for future S&P 500 inclusion in 2025.