MicroStrategy, the company led by Michael Saylor, will be announced as part of the Nasdaq 100 stock index this Friday, December 13, according to data from Bloomberg Intelligence. This announcement would add MicroStrategy alongside technology giants such as Apple, Nvidia, Microsoft, Amazon and Tesla, among others.
The Nasdaq 100 is an index that gather to the 100 largest non-financial companies. It is known for its strong inclination towards technology, internet and telecommunications sectors. Inclusion in this index not only provides prestige, but also a significant flow of passive investments, since investment funds and ETFs replicate the index.
Bloomberg ETF Analyst James Seyffart esteem that MicroStrategy’s inclusion in the Nasdaq 100 could generate a net purchase of at least $2.1 billion in ETF shares, which would be equivalent to approximately 20% of the market’s average daily volume. This financial move could significantly influence MicroStrategy’s share price.
Seyffart also mentioned that “getting into the S&P 500 will be more difficult due to the lack of earnings, although a change in accounting rules around Bitcoin valuations could make MicroStrategy eligible in 2025.”
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The Nasdaq 100 is an index that brings together the 100 largest non-financial companies listed on the Nasdaq. Source: Bloomberg Intelligence.
Amid this speculation, MicroStrategy shares rose 3% this Tuesday, reaching around $377, according to TradingView data. This increase in price reflects the market expectation about inclusion in the Nasdaq 100 index, which could further boost its valuation.
MicroStrategy’s selection to the Nasdaq 100 comes at a time when the company has seen significant appreciation, largely thanks to its adoption of bitcoin as a treasury asset.
This strategy has catapulted the value of the company, taking its shares to reach all-time highsas reported by CriptoNoticias. The company has accumulated a considerable amount of bitcoinreaching totals of 420,000 coins, which has generated global interest and positioned MicroStrategy as a case study for the integration of BTC into traditional finance.
The expectation in the market is high, and investors are attentive to how this inclusion will affect the volatility and price of MicroStrategy shares. The company, with its pioneering strategy in the adoption of bitcoin, could be about to open a new paradigm in how companies manage their treasury reserves. and its participation in stock market indices is valued.
This article was created using artificial intelligence and edited by a human Editor.
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