Bitcoin's Biggest Ally? MicroStrategy (MSTR) Joins Nasdaq 100 After $100B Surge

MicroStrategy (MSTR) is expected to join the Nasdaq 100 index on December 23. This move marks a key shift in how cryptocurrency works with traditional finance. Bloomberg analysts say ETFs will buy $2.1 billion worth of shares of MicroStrategy (MSTR), which equals 20% of daily trading volume. The company’s bitcoin investments have made it a leader in both the cryptocurrency and stock markets.

$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

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How MicroStrategy’s Stock Soared with Bitcoin’s Growth and Nasdaq 100 Addition

Record-Breaking Performance

JUST IN: MicroStrategy $MSTR will likely enter the Nasdaq 100 $QQQ this month — Bloomberg pic.twitter.com/wpvtBAQDGu
— Bitcoin Magazine (@BitcoinMagazine) December 10, 2024

MicroStrategy’s (MSTR) stock grew 450% this year, beating major stocks and Bitcoin’s performance. The stock hit its highest price since March 2000, which came from buying large amounts of Bitcoin. MSTR now offers investors two things: exposure to Bitcoin investments and regular stock market gains.

Strategic Bitcoin Accumulation

chart showing MSTR historical price — Source: Google Finance

MicroStrategy (MSTR) now holds over 170,000 BTC. This came after they planned to raise $42 billion for more Bitcoin in October. Their move changed how companies manage their money in the cryptocurrency market. Under Michael Saylor, they showed big firms a new way to use digital assets.

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Future Growth and Market Impact

Bloomberg’s James Seyffart says joining the S&P 500 is still hard. MicroStrategy (MSTR) needs better profits first. However, new Bitcoin accounting rules might help them qualify by 2025. The Nasdaq 100 will announce MSTR’s addition on December 13. This shows their strategy works. It might also help other crypto companies join big indexes.

Institutional Recognition

Adding MicroStrategy (MSTR) to the Nasdaq 100 shows that big institutions now accept Bitcoin strategies more. Regular investors might buy into the cryptocurrency market through the QQQ ETF, which follows the Nasdaq 100 index.

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This Nasdaq 100 addition makes history for both MicroStrategy (MSTR) stock and bitcoin investments. It shows how regular markets now work with crypto businesses. More digital asset companies might follow this path to join major market indexes.

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MicroStrategy Stock
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