MicroStrategy's Bitcoin Strategy Positions It for Potential Nasdaq 100 Inclusion
The company’s soaring market value and Bitcoin holdings make it a likely candidate for the index, though questions about its classification persist.
- MicroStrategy's market capitalization has surged to $98 billion after a 500% stock price increase this year, driven by its aggressive Bitcoin acquisition strategy.
- The company now holds 423,650 Bitcoins, valued at approximately $42 billion, representing over 2% of the cryptocurrency's total supply.
- Bitcoin's recent milestone of $100,000 per coin and speculation about a crypto-friendly U.S. administration under Donald Trump have bolstered investor interest.
- MicroStrategy meets key criteria for Nasdaq 100 inclusion, but its classification as a 'technology' rather than 'financial' company is under scrutiny.
- An official decision on the Nasdaq 100 reshuffle is expected Friday, with potential inclusion likely to trigger significant ETF buying activity.