Originally published on: December 14, 2024
Exciting news for Bitcoin enthusiasts as Nasdaq recently announced that MicroStrategy, the brainchild of Bitcoin advocate Michael Saylor, is set to join the prestigious Nasdaq-100 Index on December 23. This move positions MicroStrategy alongside other prominent companies like Palantir Technologies Inc. and Axon Enterprise, Inc.
The inclusion of MicroStrategy, known for its transition into a Bitcoin investment vehicle in 2020, marks a significant milestone as it becomes one of Nasdaq’s top 100 largest stocks by market capitalization. This development has caught the attention of the crypto industry, with analysts anticipating a surge in Bitcoin exposure for major institutional investors and retirement accounts.
The news of MicroStrategy’s entry into the Nasdaq-100 Index has sparked a wave of optimism among industry experts. Crypto analyst Will Clemente highlighted the potential impact, while Bitwise Invest’s Jeff Park emphasized the lucrative opportunities ahead. Hartmann Capital’s Felix Hartmann emphasized that the full effect of this news is yet to be reflected in the market.
This landmark decision follows Microsoft’s recent shareholder vote against incorporating Bitcoin into its balance sheets, a move that Bitcoin advocate Saylor passionately advocated for. With MicroStrategy’s latest milestone, the stage is set for a new era in Bitcoin investment strategies among major corporations.
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