Originally published on: December 15, 2024
Cryptocurrency enthusiasts are buzzing with excitement as Michael Saylor, the founder of MicroStrategy and a prominent Bitcoin advocate, suggests that MARA Holdings could be the next Bitcoin firm to join the prestigious Nasdaq 100 index.
In a recent exchange on social media, Saylor expressed his belief that MARA Holdings is poised to make its mark on the Nasdaq 100, following in the footsteps of MicroStrategy. This comes after MicroStrategy’s announcement of its inclusion in the Nasdaq-100 Index, which is set to take effect on December 23.
Fred Thiel, the chairman and CEO of MARA Holdings, congratulated Saylor on MicroStrategy’s achievement and hinted at MARA’s ambitions to join the elite ranks of the Nasdaq 100. With over $600 million invested in Bitcoin in the past two months, MARA Holdings is positioning itself as a major player in the cryptocurrency market.
Joining the Nasdaq 100 is a significant milestone for any company, as it signifies being among the top 100 largest companies on the Nasdaq stock exchange based on market capitalization. While MicroStrategy boasts a market cap of nearly $95 billion, MARA Holdings is not far behind at $7.32 billion.
In terms of stock performance, MARA has seen impressive growth, with its stock price climbing by 16.74% over the past six months. On the other hand, MicroStrategy has experienced a remarkable 173.27% increase during the same period.
As new companies are added to the Nasdaq 100, others must make way. MicroStrategy is one of the latest additions, while companies like Illumina, Super Micro Computer, and Moderna will be removed to make room for the newcomers.
MARA Holdings has been vocal about the importance of the United States taking a proactive stance in securing its position in the Bitcoin and cryptocurrency market. With the trend of de-dollarization on the rise, MARA Holdings believes that national security and economic interests are at stake.
As the cryptocurrency landscape evolves, all eyes are on MARA Holdings as it sets its sights on a coveted spot in the Nasdaq 100. Stay tuned for more updates on this exciting development in the world of digital assets.
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