• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

MicroStrategy Joins Nasdaq-100 Thanks to Bitcoin Investment Success

user avatar

by Giorgi Kostiuk

a year ago

MicroStrategy, noted for its significant Bitcoin investments, has been included in the Nasdaq-100 index amid a substantial rise in the company's stock.

MicroStrategy and Nasdaq-100

Nasdaq announced that MicroStrategy would join the Nasdaq-100 index starting December 23. This move follows a meteoric rise in the company's stock, driven by its aggressive Bitcoin investments.

Impact on Stock and Market

Being added to the Nasdaq-100 often leads to an increase in the stock price. MicroStrategy is one of three companies joining the index, reflecting its successful Bitcoin strategy and its market cap reaching $94 billion.

Reaction from the Crypto Industry

Analysts suggest that the company's outlook may improve further with potential inclusion in the S&P 500 by 2025. Meanwhile, MicroStrategy holds approximately 423,650 Bitcoins, acquired for $25.6 billion. Analysts like Will Clemente and Jeff Park see this as opening new investment opportunities.

Now that MSTR is getting added to the Nasdaq, every large pension fund and sovereign wealth fund will have Bitcoin exposure.Will Clemente

MicroStrategy's inclusion in the Nasdaq-100 serves as a significant indicator of changing perceptions towards Bitcoin and its role in modern investment strategies. The company is presented with new opportunities as investor perceptions of its strategies and growth prospects evolve.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Animoca Brands Completes Acquisition of SOMO

chest

Animoca Brands has finalized its acquisition of SOMO, integrating the Web3 gaming company into its ecosystem as NFT trading volumes rise.

user avatarJesper Sørensen

SOMO Aims for Expansion with Animoca's Support

chest

SOMO plans to scale its universe beyond early backers with the support of Animoca Brands, focusing on cross-game play and community engagement.

user avatarSatoshi Nakamura

Newrez's Policy Acknowledges Cryptocurrency Ownership Among Younger Generations

chest

Newrez's policy acknowledges the high rate of cryptocurrency ownership among younger generations, particularly Generation Z and Millennials, as a response to declining homeownership rates.

user avatarRajesh Kumar

Forward Industries Holds 698 Million SOL and Earns Staking Rewards

chest

Forward Industries has disclosed its significant position in the Solana ecosystem, holding 698 million SOL, nearly all of which is staked.

user avatarLucas Weissmann

PepeNode Blends Meme Culture with Mining

chest

PepeNode has raised between $2.1 million and $2.7 million, offering a community-driven mining model where users can build and upgrade digital nodes to earn token rewards.

user avatarFilippo Romano

Wall Street Chain Targets On-Chain Gaming

chest

Wall Street Chain focuses on high throughput for gaming applications, with presale tokens priced around $0.000028846. This Layer1 blockchain is designed specifically for on-chain gaming, allowing multiple games to run in parallel.

user avatarEmily Carter

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.