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

MicroStrategy's Nasdaq 100 Inclusion to Boost Stock Demand and Crypto Market Influence

user avatar

by Giorgi Kostiuk

a year ago

MicroStrategy, known for its ties to the bitcoin market, will join the Nasdaq 100 index on December 23. This event could trigger significant changes in financial markets and increase interest in the company.

ETF Impact on MicroStrategy Shares

The inclusion of MicroStrategy in the Nasdaq 100 will lead to automatic purchases of its shares by major ETFs, such as the Invesco QQQ Trust. Projections suggest this could further boost demand for the company's stocks, which have already risen by over 600% this year.

This would lead to inclusion of MSTR in some of the largest ETFs such as QQQ, leading to one-time fresh buying and ongoing participation in future inflows.Gautam Chhugani

MicroStrategy's Shift to Cryptocurrency

Since changing its strategy in 2020, MicroStrategy has been actively acquiring bitcoins, as announced by former CEO Michael Saylor. The company now holds 423,650 BTC, valued at over $90 billion. Saylor describes MicroStrategy's mission as 'securitizing Bitcoin' to bridge traditional investments with the crypto economy.

Primarily, our job is to bridge the traditional capital markets that want bonds, or they want fixed income, with the crypto economy through bitcoin.Michael Saylor

Company Growth Amid Trump's Policies

MicroStrategy's growth aligns with political changes following the election of Donald Trump. His promise to establish a national Bitcoin reserve has fueled demand for cryptocurrency, with MicroStrategy acquiring 149,880 BTC in November alone.

MicroStrategy's inclusion in the Nasdaq 100 highlights the growing impact of cryptocurrencies on traditional financial systems. The continued integration of crypto-related companies into major financial indices promotes market expansion.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Australia Releases New AI Strategy Focusing on Investment and Safety

chest

The Australian government released its National AI Plan, emphasizing investment in data centers and AI skills while stepping back from stricter regulations.

user avatarArif Mukhtar

Cardano Faces Bearish Trends with Price Fluctuations

chest

Cardano's price is currently trading between 0.38 and 0.42 amidst bearish market conditions, with potential risks of further decline.

user avatarMaria Gutierrez

RedotPay Achieves Unicorn Status with Strategic Investment

chest

RedotPay has achieved unicorn status after securing a $47 million strategic investment round, with participation from Coinbase Ventures, Galaxy Ventures, and Vertex Ventures.

user avatarLeo van der Veen

Cango's HODL Strategy Signals Long-term Confidence in Bitcoin

chest

Cango has chosen to hold 6,412 BTC, reflecting a long-term bullish outlook on Bitcoin's value.

user avatarDavid Robinson

Governments and Central Banks Embrace XRP for Settlement

chest

Governments are moving towards faster and more cost-efficient settlement methods using XRP, aligning it with legal tender standards.

user avatarAndrew Smith

Token Cat Limited Approves $1 Billion Crypto Asset Investment Policy

chest

Token Cat Limited's Board of Directors approved a Crypto Asset Investment Policy to invest up to $1 billion in selected crypto assets.

user avatarJacob Williams

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.