As a seasoned crypto investor with over two decades of experience under my belt, I find myself intrigued by MicroStrategy’s impending inclusion into the Nasdaq 100 Index. Having witnessed the rise and fall of numerous tech companies, I must admit that MicroStrategy’s journey from a software firm to a Bitcoin-focused titan has been nothing short of remarkable.
As a researcher, I’m excited to share that MicroStrategy Inc., a prominent American business intelligence and software firm, seems poised to earn a spot in the Nasdaq 100 Index. Based on recent updates from Guru Focus, tech companies like Moderna might be vacating the Index, potentially opening up a path for MicroStrategy to step in.
MicroStrategy Influence Growing Amid Bitcoin Bets
Based on the recent announcement, the revised roster of firms joining and departing from the Nasdaq 100 Index is set to be released on December 13th. Interestingly, Bloomberg Intelligence has shown optimism about MicroStrategy and similar up-and-coming companies potentially making the list.
Eric Balchunas, Senior ETF Analyst at Bloomberg, has supported the possibility of both MicroStrategy and Palantir Technologies being added to the top 100 index. According to his analysis, MicroStrategy, under the leadership of Michael Saylor, could potentially be included.
It’s predicted that Moderna Inc. ($MSTR) might be included in the Invesco QQQ Trust Series 1 ($QQQ) on December 23, with an official announcement expected on December 13. This could symbolically give Moderna a boost. According to @JSeyff’s estimates, if added, Moderna would represent approximately 0.47% of the index, making it the 40th largest holding. There are around $550 billion worth of ETFs that track this index. It’s also speculated that Moderna could be included in the S&P 500 next year.
— Eric Balchunas (@EricBalchunas) December 10, 2024
As a crypto investor, I understand that making it onto the Nasdaq 100 Index isn’t an easy feat. To qualify, companies should have been actively trading on the Nasdaq exchange for at least two years, with a minimum daily volume of 200,000 shares. Additionally, these firms must maintain a consistent record of submitting regular or timely financial reports, ensuring transparency and credibility.
1989 saw MicroStrategy debut, providing sophisticated software and cloud solutions. Yet, it wasn’t until August 2020 that the firm gained prominence by adopting a strategy focused on holding Bitcoin as its primary reserve currency. As of now, MicroStrategy has been steadily amassing BTC, with its total holdings reaching 423,650 units.
Michael Saylor’s Popularity Tested
Michael Saylor, the co-founder and Chairman of MSTR, has significantly contributed to the company’s expansion so far. Not only does he remain committed to the company’s Bitcoin approach, but he also actively champions the cause of Bitcoin as a leading digital currency.
Previously, he delivered a brief pitch lasting 3 minutes to Microsoft’s board, advocating for Bitcoin to be used as a reserve currency. According to an earlier report from Coingape, the Microsoft Board has opted not to adopt Bitcoin, choosing instead to preserve their existing situation.
Although it’s been reported that MicroStrategy’s approach to Bitcoin has motivated companies like Tesla, Metaplanet, and Semler Scientific to invest in Bitcoin, Microsoft’s decision to not follow suit functioned as an unanticipated test of popularity that didn’t yield the desired results.
Read More
- EUR ARS PREDICTION
- ULTIMA PREDICTION. ULTIMA cryptocurrency
- XRP PREDICTION. XRP cryptocurrency
- EUR CAD PREDICTION
- FIS PREDICTION. FIS cryptocurrency
- POWR PREDICTION. POWR cryptocurrency
- EUR VND PREDICTION
- CHR PREDICTION. CHR cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- DF PREDICTION. DF cryptocurrency
2024-12-11 01:42