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CoinGape 2024-12-10 22:31:25

Bitcoin-Friendly MicroStrategy Eyes Nasdaq 100 Index Inclusion

American business intelligence and software firm MicroStrategy Inc is on its way to bagging an inclusion into the Nasdaq 100 Index. According to an update from Guru Focus, tech firms like Moderna risk leaving the Index, paving the way for MicroStrategy. MicroStrategy Influence Growing Amid Bitcoin Bets According to the update, the official list of companies that will leave and enter the Nasdaq 100 Index will drop on December 13. However, Bloomberg Intelligence has already expressed confidence in the chances of MicroStrategy and other newer companies. Bloomberg Senior ETF Analyst Eric Balchunas has corroborated this potential MSTR inclusion on the top 100 index. Besides the Michael Saylor-led company, he also projected a high chance of Palantir Technologies making the inclusion. $MSTR is likely to be added to $QQQ on 12/23 (w/ announcement coming 12/13). Moderna likely to get boot (symbolic). Below is best guess of adds/drops via @JSeyff . Likely a 0.47% weight (40th biggest holding). There’s $550b of ETFs tracking the index. S&P 500 add next yr prob. pic.twitter.com/rmTavtvWQL — Eric Balchunas (@EricBalchunas) December 10, 2024 The criteria for inclusion into the Nasdaq 100 Index is a strict one. Companies must have traded on the Nasdaq bourse for at least 2 years and command a daily volume of 200,000 shares. The firm must also file regular or timely financials amongst others. MicroStrategy made its emergence in November 1989 to offer advanced software and cloud services. However, the company did not enter into the limelight until August 2020 when it adoption a Bitcoin-first treasury reserve strategy. To date, the company has maintained a consistent BTC accumulation , pushing its overall holdings to 423,650 units. Michael Saylor’s Popularity Tested MSTR co-founder and Chairman Michael Saylor has helped drive the growth of the company to date. Beyond keeping faith with the firm’s Bitcoin strategy, he has taken up an advocacy role for the top digital currency. Earlier, he presented a 3-minute pitch to Microsoft board urging them to adopt the coin as a reserve asset. As reported earlier by Coingape, the Microsoft Board has voted against BTC in a bid to maintain its status quo. While MicroStrategy’s Bitcoin playbook has allegedly inspired Tesla, Metaplanet and Semler Scientific to go long on BTC, the Microsoft rebuff served as an unexpectedly failed popularity check. Read Also: Will Amazon, Microsoft Drive BTC Rally to $200K in 2025 The post Bitcoin-Friendly MicroStrategy Eyes Nasdaq 100 Index Inclusion appeared first on CoinGape .

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