Michael Saylor Tips MARA Holdings To Join Nasdaq-100 Index

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As a seasoned analyst with over two decades of experience in the financial markets, I have seen countless companies rise and fall, adapt and evolve. However, the recent developments in the Bitcoin ecosystem, particularly the strategic moves by MicroStrategy and MARA Holdings, have piqued my interest like never before.

This past week, a U.S.-based business intelligence and software company founded by Michael Saylor secured a spot on the Nasdaq-100 Index. This listing has sparked numerous discussions within the Bitcoin community, with companies such as MARA Holdings offering their congratulations.

Michael Saylor and MARA Holdings Projection

Fred Thiel, Chairman and CEO of MARA Holdings, was among those who congratulated MicroStrategy on its inclusion in the Nasdaq 100. He highlighted MicroStrategy as the pioneer “bitcoin treasury company” that made it into the NASDAQ 100.

Responding to this, Michael Saylor expressed his belief that MARA Holdings could find itself on the esteemed Nasdaq-100 index in the near future.

Both companies are strengthening their financial reserves significantly by purchasing large amounts of Bitcoin. Although they operate in different sectors, their shared interest in Bitcoin unites them. So far this month, MARA Holdings have managed to raise over $700 million through the sale of private notes.

According to Coingape’s earlier report, MARA Holdings has just purchased 11,774 Bitcoins for approximately $1.1 billion this week. This recent purchase increases its Bitcoin holdings to a total of 40,435 coins, now valued at around $3.9 billion in aggregate.

Over a period of four years, MicroStrategy’s approach to managing Bitcoin treasury has positively influenced its overall stock performance. This positive impact facilitated the company’s eligibility for listing on the Nasdaq 100, which necessitates a daily stock volume of 250,000 and timely financial disclosures.

Although MARA Holdings isn’t quite there yet, CEO Thiel mentioned that they are putting in a great deal of effort to reach a comparable milestone.

Thanks. We are working hard to get there.

— Fred Thiel (@fgthiel) December 14, 2024

Given that many companies are adopting a Bitcoin-centric approach, it’s possible that Michael Saylor considers Mara’s likelihood of achieving its objectives to be strong, given its current stock trajectory.

Influencing Nations With Strategic Bitcoin Reserve

A significant change in the cryptocurrency landscape is the increasing curiosity among various global governments regarding the establishment of a tactical Bitcoin reserve.

Discussions about setting up a strategic Bitcoin reserve have gained traction following President-elect Donald Trump’s victory. Not only are there proposals to create a cryptocurrency advisory council to manage this reserve, but Senator Cynthia Lummis has also drafted legislation related to the matter.

According to the terms of the Bill, the United States is set to purchase 1,000,000 Bitcoins over a span of five years. In addition, Texas Representative Giovanni Capriglione has introduced a separate Bill aimed at setting up a Bitcoin reserve within the state.

As pioneers such as El Salvador and Bhutan set an example, the achievements of firms like MicroStrategy could spark additional interest among countries, potentially encouraging them to follow suit and invest in Bitcoin reserves.

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2024-12-14 21:10