MicroStrategy To Join Nasdaq 100 Index In December 2024

According to Odaily, MicroStrategy (MSTR) is set to officially join the Nasdaq 100 Index on December 23, 2024, marking a significant milestone as the first Bitcoin-focused company to be included in this prestigious index. Analysts predict that this inclusion will result in approximately $2.1 billion in passive ETF purchases, which is expected to enhance market liquidity. Despite not yet meeting the profitability standards required for the S&P 500, MicroStrategy is anticipated to be included in the S&P 500 during its quarterly adjustment in June 2025, following the implementation of new accounting standards in January 2025. Currently, the company holds 439,000 Bitcoins, valued at over $45 billion, underscoring its substantial investment in the cryptocurrency market.