MicroStrategy Inducted into Nasdaq 100 amid Bitcoin’s Bullish Run
The Nasdaq-100 Index will include MicroStrategy (MSTR), a company managed by Michael Saylor on December 23. MicroStrategy is one of three companies added to the index, along with Palantir Technologies Inc., according to a statement released by the Nasdaq.
MicroStrategy’s stock price has more than tripled this year, reaching a market valuation of almost $94 billion. The company started purchasing and holding bitcoin as its software business’s revenue moderated. It holds the most cryptocurrency among corporations. According to analysts, MicroStrategy’s choice to buy Bitcoin to safeguard the value of its reserve assets has increased the stock’s appeal, which typically corresponds with Btcoin’s performance
Bernstein analysts anticipate that the market will target MicroStrategy’s inclusion in the S&P 500 in 2025 following its inclusion in the Nasdaq-100. The brokerage anticipates “more visibility and recognition beyond new ETF inflows” after the company’s inclusion in the Nasdaq-100, and it also thinks the company’s outlook will continue to improve next year. In recent weeks, Bitcoin has increased in value as the S.
The election of Donald Trump as president-elect raised expectations among the cryptocurrency sector that regulatory obstacles would be lowered. The digital asset hit $100,000 for the first time earlier this month.
The move follows a resolution to include Bitcoin in Microsoft’s balance sheets which was rejected at the company’s annual meeting in December. 10. Saylor’s three-minute speech to the Microsoft board stated that if Microsoft were to commit to Bitcoin, it could increase its market capitalization by nearly $5 trillion.
In his argument for Microsoft to switch its cash flows, dividend payments, debt, and stock buybacks to Bitcoin, Saylor concluded, “Microsoft cannot afford to miss the next technology wave, and Bitcoin is that wave.”.
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