• 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

QCAD's Commitment to Compliance and Security

chest

Stablecorp has meticulously developed QCAD with a focus on compliance and security, ensuring it meets regulatory standards and appeals to both retail and institutional investors.

user avatarRajesh Kumar

Strategy Raises $1.44 Billion Amidst Market Concerns

chest

Strategy has raised $1.44 billion to address concerns about its ability to meet financial obligations amidst a downturn in stock prices.

user avatarMaria Fernandez

Digital Asset Treasuries Experience Slow Month

chest

Digital asset treasuries experienced their slowest month in November, with only $132 billion in inflows, down 34% from October.

user avatarDiego Alvarez

QCAD: A New Era for Canadian Dollar Stablecoins

chest

Stablecorp has launched QCAD, a fully regulated Canadian dollar stablecoin designed to meet the needs of everyday users.

user avatarGustavo Mendoza

QCAD Struggles to Gain Traction in the Stablecoin Market

chest

QCAD faces significant challenges in establishing itself within the global stablecoin market, with limited visibility and market share compared to giants like Tether and USDC.

user avatarKenji Takahashi

Market Pulse Shows Mixed Signals in Bitcoin Trading

chest

Glassnode's latest report indicates improved trading volumes and short-term momentum, but deeper indicators reveal market hesitation and a preference for downside protection.

user avatarMaria Fernandez

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.