KEY FACT: MicroStrategy, led by Bitcoin advocate Michael Saylor, will join the Nasdaq-100 Index on December 23, 2024, alongside Palantir Technologies and Axon Enterprise, as Illumina, Super Micro Computer, and Moderna exit the list. This milestone follows a 500% surge in MicroStrategy's stock this year, driven by its aggressive Bitcoin acquisition strategy, with the firm now holding approximately 400,000 Bitcoins valued at $42.43 billion. The inclusion is expected to attract further investment as funds tracking the Nasdaq-100 acquire MicroStrategy shares, marking a significant step toward integrating cryptocurrency-focused companies into traditional financial markets. Saylor’s leadership has cemented MicroStrategy's position as a pioneer in corporate Bitcoin adoption, inspiring broader interest in digital assets across industries.

Source: MicroStrategy, Nasdaq

MicroStrategy's $MSTR Enters Nasdaq 100 Index

MicroStrategy, the business intelligence firm led by Bitcoin advocate Michael Saylor, will join the Nasdaq-100 Index on December 23, 2024. This inclusion is inspired by the company's substantial market capitalization, which is largely driven by its significant investments in Bitcoin. The listing of $MSTR in the Stock Market marks MicroStrategy as the first bitcoin-centric company to win entry into the Nasdaq-100 Index.

Nasdaq (Nasdaq: NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index® (Nasdaq: NDX®), which will become effective prior to market open on Monday, December 23, 2024.
The following three companies will be added to the Index: Palantir Technologies Inc. (Nasdaq: PLTR), MicroStrategy Incorporated (Nasdaq: MSTR), and Axon Enterprise, Inc. (Nasdaq: AXON).
Source

The Nasdaq-100 Index comprises the 100 largest non-financial companies listed on the Nasdaq Stock Market. Alongside MicroStrategy, Palantir Technologies and Axon Enterprise will also be added to the index. Conversely, Illumina, Super Micro Computer, and Moderna will be removed.

MicroStrategy's stock has experienced a remarkable surge, increasing by approximately 500% year-to-date. This growth is closely tied to the company's aggressive Bitcoin acquisition strategy, which began in 2020. Currently, MicroStrategy holds around 400,000 Bitcoins, valued at approximately $42.43 billion.

The company's inclusion in the Nasdaq-100 is expected to attract further investment, as funds tracking the index will need to purchase shares of MicroStrategy. This development shows the growing acceptance of cryptocurrency-focused firms within traditional financial markets.

$MSTR is up 490% YTD on the #Bitcoin Standard.

Michael Saylor, who transitioned from CEO to Executive Chairman in 2022, has been a vocal proponent of Bitcoin, advocating for its adoption by both corporations and governments. Under his leadership, MicroStrategy has positioned itself as a leading corporate holder of Bitcoin, influencing other companies to consider similar investment strategies.

The addition of MicroStrategy to the Nasdaq-100 shows how uniquely the financial markets are evolving with digital assets increasingly recognized as significant components of corporate investment portfolios. Other companies could be inspired to explore cryptocurrency investments, thus, helping to integrate digital assets deeply into the mainstream financial ecosystem.

Nasdaq Global Indexes has been creating innovative, market-leading, transparent indexes since 1971. Today, Nasdaq's index offering spans geographies and asset classes. They offer new opportunities for financial product sponsors across a wide spectrum of investable products and for asset managers to measure risk and performance. Nasdaq also provides exchange listing, custom index, and design solutions to financial organizations worldwide.

If you found the article interesting or helpful, please hit the upvote button, and share for visibility to other hive friends to see. More importantly, drop a comment below. Thank you!

This post was created via INLEO, What is INLEO?

INLEO's mission is to build a sustainable creator economy that is centered around digital ownership, tokenization, and communities. It's Built on Hive, with linkages to BSC, ETH, and Polygon blockchains. The flagship application: Inleo.io allows users and creators to engage & share micro and long-form content on the Hive blockchain while earning cryptocurrency rewards.

Let's Connect

Hive: inleo.io/profile/uyobong/blog

Twitter: https://twitter.com/Uyobong3

Discord: uyobong#5966

Posted Using InLeo Alpha