Enterprise Software Maker Joins MSCI World Index, Reflecting Crypto Influence

According to Bloomberg, the Virginia-based enterprise software maker, located in Tysons Corner, is one of the three largest additions to the MSCI World Index based on market capitalization, as stated by MSCI Inc. This shift is seen as a sign of how exposure to cryptocurrency can increasingly infiltrate traditional portfolios. This is due to the fact that many billions of dollars are tracked or benchmarked against MSCI’s world gauge. Other such pathways include new US and Hong Kong MicroStrategy’s co-founder. Shares in MicroStrategy have seen a significant increase over the past year, more than quadrupling in value. This outperforms a surge of almost 130% in Bitcoin amid a recovery in crypto from a 2022 rout. The company is often seen as a proxy for exposure to the token, but this role has been questioned following the January debut of US Bitcoin ETFs. Further details about the company's performance and future plans will be revealed in March.