Bitcoin To Help Push MicroStrategy Into Nasdaq 100?

MicroStrategy's stock price (MSTR) has not so quietly gained 450% this year, as the price of Bitcoin, and the BTC acquisition strategy of the company has continued to push the company to new highs. Despite a recent pause for Bitcoin back under $100,000, MicroStrategy is anticipated to join the Nasdaq 100 index on December 23, marking a significant step in the company's association with Bitcoin investments.

The inclusion in the Nasdaq 100 is expected to be officially announced at the end of this week, and if included, MicroStrategy will hold a 0.47% weight in the index, ranking it as the 40th largest holding.

MicroStrategy has been a pioneer in integrating digital assets into corporate strategy, with its CEO, Michael Saylor, leading the charge. The company now holds over 423,650 bitcoins valued around $42 billion. This significant holding positions MicroStrategy as a key player in the cryptocurrency market.

The company's expected addition to the Nasdaq 100 has attracted interest from ETFs, which analysts estimate will result in more than $2 billion worth of MicroStrategy shares being purchased, equating to 20% of the daily trading volume. The Nasdaq 100 is tracked by various ETFs, collectively holding a value of approximately $550 billion.

MicroStrategy's strategy is further bolstered by new Bitcoin accounting regulations, which may enhance its eligibility for inclusion in the S&P 500 by 2025. This regulatory development is viewed as a positive step toward broader institutional acceptance of Bitcoin-focused business strategies.