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Nasdaq Announces MicroStrategy's Inclusion in Nasdaq-100

Highlights:

  • MicroStrategy’s Nasdaq-100 inclusion, effective December 23, positions it among tech giants like Apple.
  • The company’s market value of $102 billion will rank it 40th on the Nasdaq-100 index.
  • MicroStrategy’s Nasdaq entry could attract $2.1 billion from ETFs tracking the index.

Nasdaq announced on Friday that MicroStrategy (MSTR), the largest corporate Bitcoin (BTC) holder, will be added to the Nasdaq-100 Index. This inclusion takes effect on December 23. It makes MicroStrategy the first Bitcoin-focused company to join one of the most prestigious stock indexes. The index features giants like Apple, Microsoft, Tesla, and Amazon.

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Nasdaq will add MicroStrategy to the index, along with Palantir Technologies Inc. (PLTR) and Axon Enterprise, Inc. (AXON). At the same time, it will remove Illumina, Super Micro Computer, and Moderna. As of December 13, MicroStrategy has a market value of $102 billion. It will rank 40th on the Nasdaq-100.

By entering the Nasdaq-100, MicroStrategy could attract about $2.1 billion from ETFs that track the index. According to Bloomberg ETF analyst Eric Balchunas, these ETFs manage roughly $451 billion in assets. This influx of capital is expected to boost MicroStrategy’s stock price and increase its market visibility. Stocks typically rise in price after joining the Nasdaq-100.

MicroStrategy’s Nasdaq-100 Inclusion Boosts Bitcoin Strategy and Stock Price

MicroStrategy is a major Bitcoin player with its large holdings. Its inclusion in the Nasdaq-100 will speed up its goal of accumulating $42 billion in Bitcoin over the next three years.

As MicroStrategy’s stock price rises with increased demand, the company gains more financial flexibility. This will help it continue its aggressive Bitcoin acquisition strategy. Led by Michael Saylor, the company currently holds about 423,650 Bitcoin, valued at $42 billion. MicroStrategy has consistently stated its goal to increase its Bitcoin holdings, even at higher prices.

MicroStrategy is shaping the Bitcoin wave. Michael Saylor urged Microsoft to add Bitcoin to its portfolio. He also suggested the United States government sell gold and buy BTC to counter the BRICS currency plan.

Bitcoin saw a slight increase after Nasdaq’s announcement. It is now trading above $101,700, marking a 1.5% rise in the past 24 hours, according to CoinMarketCap.

Analysts Predict the Major Impact of MicroStrategy’s Nasdaq Inclusion

Crypto analyst Will Clemente posted on December 13. He stated that MSTR’s Nasdaq inclusion will give Bitcoin exposure to pension funds, sovereign wealth funds, and individual retirement accounts worldwide.

Jeff Park, head of alpha strategies at Bitwise Invest, suggested the trade of the decade is just beginning. He advised people to “buckle up.” Felix Hartmann, founder of Hartmann Capital, mentioned that the news won’t be fully priced until the markets open.

Hartmann added:

“Further any active manager benchmarking against the Nasdaq will now need to compete against levered btc. This means most managers will hedge this underperformance risk with likely direct exposure to either BTC or MSTR.”

Bernstein analysts predict MicroStrategy shares could reach $600 after joining the index. This is due to the expected capital inflow from index-tracking investment funds.

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