Nasdaq announcedthat Michael Saylor-founded MicroStrategy (MSTR) will be added to the Nasdaq-100 on December 23.
Palantir Technologies Inc. will also be included in the index, according to the press release. (PLTR) and Axon Enterprise, Inc. (AXON); will be excluded – Illumina (ILMN), Super Micro Computer (SMCI) and Moderna (MRNA).
The Nasdaq-100 Index consists of the 100 largest non-financial companies by capitalization that are traded on the NASDAQ exchange.
Community reaction
The crypto community was optimistic about the inclusion of MicroStrategy in the Nasdaq-100.
Now that MSTR is getting added to the Nasdaq, every large pension fund, sovereign wealth fund, and individual retirement account in the world is going to have Bitcoin exposure.
—Will (@WClementeIII) December 14, 2024
Head of Alpha Strategies at Bitwise Invest Jeff Park wrote:
Founder of Hartmann Capital Felix Hartmann stated:
According to the expert, due to increased competition, many asset managers will also begin to directly invest in Bitcoin or MicroStrategy shares.
CNBC analysts allowed the shares of the company founded by Saylor to continue to rise. According to their observations, securities have grown approximately sixfold this year, while Bitcoin has only grown by a “modest” 140%.
Bernstein analyst Gautam Chugani suggested that “the market will target inclusion [MSTR] to the S&P 500 index in 2025.
Founded in 1989, MicroStrategy initially specialized in enterprise-grade analytics software.
In August 2020, the IT company, with a market capitalization of approximately $1.3 billion, suddenly announced the acquisition of approximately 21,454 BTC valued at approximately $250 million. It became the first publicly traded company on the Nasdaq exchange to allocate capital in Bitcoin.
Now MicroStrategy’s capitalization is approaching $97 billion. The company’s balance sheet contains bitcoins worth more than $43 billion.
Earlier, Bloomberg analyst James Seyffart estimated that after inclusion in the Nasdaq-100, the volume of purchases of the company’s securities through ETFs would be at least $2.1 billion.
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Source: Cryptocurrency

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