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MicroStrategy will soon be included in the popular Nasdaq 100 index, according to two Bloomberg analysts. Given this news, the share price of this company (MSTR) experienced a significant increase.
The Nasdaq 100 is a stock index that includes 100 of the largest “non-financial” companies listed on the Nasdaq exchange, one of the major stock exchanges in the United States.
This index is widely followed, as it includes many of the most influential technology companies in the world, such as Apple, Microsoft, Amazon, and Google.
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It should be noted that this news arises while MicroStrategy acquired another 21,550 BTC for around $2.1 billion last Monday.
Precisely Bloomberg analysts specialized in ETFs, Eric Balchunas and James Seyffart, were the origin of this news by announcing that MicroStrategy will enter the Nasdaq 100 (QQQ) on December 13 (Seyffart) or December 23 (Balchunas).
$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
«MSTR is likely to be added to QQQ on December 23 (with announcement on December 13). Moderna is likely to say goodbye (symbolic). Below is the best estimate of additions/reductions via James Seyffart. Probably a 0.47% weighting (40th largest share). There are $550 billion in ETFs that track the index. “The S&P 500 is likely to join next year.” Balchunas said.
What does MicroStrategy’s arrival on the Nasdaq 100 mean for Bitcoin?
We must keep in mind that MicroStrategy is one of the most active Bitcoin-owning companies at the moment. Therefore, this important jump can increase its purchasing power and the demand for BTC by this company.
MSTR has purchased over 170,000 BTC since late October, when it announced plans to raise 4.2 billion BTC.
The company currently owns a total of 423,650 BTC.
MicroStrategy has acquired 21,550 BTC for ~$2.1 billion at ~$98,783 per #bitcoin and has achieved BTC Yield of 43.2% QTD and 68.7% YTD. As of 12/8/2024, we held 423,650 $BTC acquired for ~$25.6 billion at ~$60,324 per bitcoin. $MSTR https://t.co/8r7bFqMFof
— Michael Saylor⚡️ (@saylor) December 9, 2024
«MicroStrategy has acquired 21,550 BTC for $2.1 billion at $98,783 per Bitcoin and has achieved a BTC return of 43.2% for the quarter and 68.7% so far this year. As of 12/8/2024 we held 423,650 BTC acquired for ~$25.6 billion at ~$60,324 per Bitcoin.
These figures have led previous analysts to also foresee a future inclusion in the S&P 500 index. Although Seyffart believes that this is still difficult and the company needs to obtain better profits first.
If all these projections materialize, they will undoubtedly increase the purchasing power of this company. You might also encourage others to adopt this strategy.
MicroStrategy shares rose
In the early hours of this Wednesday, December 11, the shares of MicroStrategy, MSRT, showed a rise of up to 6%. The news of its inclusion in the Nasdaq 100 was responsible for this rise.
At the time of writing, MSTR is trading at $411 with daily profits of 9%. Shares are still far from their all-time high of $543.
Even so, it is worth noting that MSRT has risen 450% in one year, far surpassing Bitcoin, which has risen 140%. In this way, the value of this company rose to 82,000 million dollars. It is also worth noting that after this news, several analysts projected an increase for MSRT to important figures such as $600.
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