Key Takeaways:
- MicroStrategy Incorporated, led by Michael Saylor, has been officially included in the Nasdaq 100 stock index.
- That will be accompanied by huge inflows of cash from ETFs into MSTR, therefore pushing the stock price upwards.
- The momentum in this milestone is a good omen for Bitcoin, signaling wide acceptance in the market.
You probably know Michael Saylor, one of the most vocal Bitcoin ambassadors. Well, his company, MicroStrategy (MSTR), has just made headlines by being officially added to the Nasdaq 100—one of the most prestigious stock indices in the world. This is not only a success for MicroStrategy but also a very important milestone for Bitcoin and financial markets.
MicroStrategy Rises to NASDAQ 100
On December 13, 2024, Nasdaq announced new companies joining the Nasdaq 100 index. MicroStrategy came up as a high riser on the list, taking the place of such tech behemoths as Palantir Technologies Inc. (PLTR) and Axon Enterprise, Inc. (AXON). In fact, the addition of this company had meant the removal of three from the index, namely Illumina, Inc. (ILMN), Super Micro Computer, Inc. (SMCI), and Moderna, Inc. (MRNA).
What does this mean?
In simple terms, the Nasdaq 100 is just the 100 largest non-financial companies listed on the Nasdaq exchange. Therefore, inclusion in this list just means that MicroStrategy has finally become one of the largest market-cap companies on Nasdaq.
MicroStrategy’s Rise with Bitcoin
A full-fledged Bitcoin investment vehicle from an otherwise software company, 2020 saw MicroStrategy flip into one of the largest Bitcoin holders in the world, as Michael Saylor poured capital into it once revenues from its software segment began falling. At the time of recording, December 8, 2024, the company holds roughly 423,650 Bitcoin, valued at close to $42.4 billion—a number that is actually incredible.
The Surge of MSTR Stock:
The decision to invest in Bitcoin sent MSTR’s stock high flying. Its stock has surged more than sixfold this year, forcing the market capitalization of MicroStrategy to approach nearly $94 billion. This explosive growth earned it a place in the Nasdaq 100.
The Surge of MicroStrategy Stock
More News: Microstrategy Borrows $205 Million To Purchase More Bitcoin
Impact on the Financial Markets
ETF Cash Flows:
This carries a lot of implications because by joining the Nasdaq 100, MicroStrategy opens up the potential for massive inflows from Exchange-Traded Funds tracking the index. These funds would typically buy…
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