Michael Saylor Anticipates MARA Holdings Will Be the Next Company to Join Nasdaq 100

Highlights:

• Michael Saylor believes MARA Holdings will join the Nasdaq 100 soon. 
• MicroStrategy joined the Nasdaq 100 this week due to strong stock performance.
• MicroStrategy’s inclusion in the Nasdaq 100 boosts stock value and strengthens Bitcoin strategy.

Recently, MicroStrategy (MSTR), the largest corporate Bitcoin (BTC) holder co-founded by Michael Saylor, joined the Nasdaq-100 Index. This milestone sparked discussions in the Bitcoin community. Fred Thiel, CEO of crypto miner MARA Holdings, also praised MicroStrategy for reaching this milestone.

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MARA Holdings Aims for Nasdaq 100 After MicroStrategy’s Milestone

Thiel highlighted MicroStrategy as the first “#bitcoin treasury company to join the NASDAQ 100.” Saylor responded with optimism. He expressed hope that MARA Holdings will also join the Nasdaq 100 soon. Both companies are increasing their treasury reserves with large BTC purchases. Despite having different business models, both share a strong interest in Bitcoin. 

Thanks Fred. I expect $MARA will be the next.

— Michael Saylor⚡️ (@saylor) December 14, 2024

Thiel stated that MARA is “working hard to get there.” MARA Holdings has raised more than $700 million this month through a private note offering. Being part of the Nasdaq 100 means the company is among the 100 largest on the Nasdaq by market capitalization. According to Financecharts data, MicroStrategy closed the trading week with a market cap of $94.77 billion on December 13. Meanwhile, MARA recorded a market capitalization of $7.32 billion.

Analysts have observed that MicroStrategy’s decision to buy Bitcoin has boosted the appeal of its stock. This move also aligns with Bitcoin’s performance. Bernstein analysts predict that the market will focus on MicroStrategy’s inclusion in the S&P 500 in 2025, following its inclusion in the Nasdaq-100.

The brokerage expects the company’s prospects to improve next year. It also anticipates more visibility and recognition due to the inclusion beyond new ETF inflows. MicroStrategy is expected to join Nasdaq-100 on December 23 before the market opens.

Others must be removed to allow new firms to join the Nasdaq 100. To make room for this, Nasdaq will remove Illumina, Super Micro Computer, and Moderna, adding Palantir Technologies, MicroStrategy, and Axon Enterprise to the index.

MicroStrategy’s Nasdaq-100 Entry Strengthens Bitcoin Strategy and Stock Value

MicroStrategy aims to accumulate $42 billion in Bitcoin over the next three years. Its Nasdaq-100 inclusion will help accelerate this goal. As demand drives its stock price up, the company gains financial flexibility to continue its aggressive Bitcoin strategy. The company currently holds around 423,650 Bitcoin, valued at $42 billion, and plans to increase its holdings, even at higher prices.

As for stock prices, MicroStrategy closed the trading week on Dec. 13, trading at $408.67, up 173.27% over the past six months, according to Google Finance data. 

MicroStrategy and MARA Holdings Push for U.S. Bitcoin Leadership

MicroStrategy is driving the Bitcoin movement. Michael Saylor encouraged Microsoft to add Bitcoin to its portfolio and advised the U.S. government to sell gold and buy BTC to challenge the BRICS currency plan.

MARA Holdings also urged the United States to take stronger steps to secure a leading position in Bitcoin and mining, calling it a matter of national security. In a November 26 post on X, the company stressed the urgency of protecting the country’s economic and national interests.

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