In summary
- MicroStrategy could be included in the Nasdaq-100, occupying 40th position with an estimated weight of 0.47%.
- MicroStrategy has acquired an additional 21,550 BTC, bringing its holdings to 423,650 BTC, valued at $42 billion.
- MicroStrategy shares are up more than 450% this year, far outpacing Bitcoin‘s growth (110%).
A significant change is coming to the Nasdaq-100 index.
Bloomberg senior ETF analysts James Seyffart and Eric Balchunas broke down the numbers on Thursday, projecting that MicroStrategy’s inclusion would make it the 40th largest holding in the index with an estimated weight of 0.47%.
An official announcement is expected on December 13, with implementation scheduled for the following week, analysts said.
Seyffart claims that at least “$2.1 billion in shares per ETF” would follow the listing, adding that this represents “about 20% of daily volume,” according to a shared note.
The analyst also mentioned that while MicroStrategy’s inclusion in the S&P 500 is challenging due to profitability requirements, upcoming changes to Bitcoin accounting could open that door by 2025.
While its inclusion is not guaranteed, it is the “best estimate of what will happen,” according to Balchunas. Balchunas also responded to a query about reasons for possible exclusion, saying there were none based on what they observed.
Nasdaq and MicroStrategy did not immediately respond to a request for comment.
Another crucial moment
The potential listing marks a watershed moment for Cryptocurrency-focused companies entering traditional finance.
The Nasdaq-100 indexes the 100 largest non-financial companies on the Nasdaq exchange, serving as a key benchmark for sectors such as technology, consumer services and healthcare.
Their composition and performance directly influence market sentiment and investment flows, particularly in growth-oriented sectors of the US economy.
The index also underpins several investment products, most notably the Invesco QQQ Trust ETF, making it a critical mechanism for institutional and retail participation in the market.
With approximately $550 billion in ETF assets tracking the index, membership changes trigger substantial portfolio adjustments and can significantly impact trading volumes and market dynamics.
This comes as MicroStrategy acquired another 21,550 BTC for $2.1 billion at $98,000 per coin on Monday. It is also the firm’s fifth consecutive purchase. The most recent purchase brings his Bitcoin hoard to a total of 423,650 BTC, valued at approximately $42 billion at current prices.
The market has also noticed this. MicroStrategy shares have soared more than 450% this year, outpacing Bitcoin’s 110% rise in the same period.
As a result, the company’s market value has risen to $82 billion—from $54.8 billion a month ago—as traditional investors seek exposure to cryptocurrencies through familiar stock markets.
Edited by Sebastian Sinclair
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