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MicroStrategy on Track to Become Part of Nasdaq-100
In a significant development for the cryptocurrency and technology sectors, MicroStrategy is likely to become part of the highly influential Nasdaq-100 index. This move would have a profound impact on the markets, as ETFs with roughly $350 billion worth of assets under management will be compelled to buy the company’s shares.
As reported by U.Today, MicroStrategy’s appearance among the top 100 biggest companies by market capitalization last year is a significant milestone that brings it closer to surpassing chip giant Intel. The company’s shares have been on an upward trajectory, with a current increase of 2.16% ahead of its likely inclusion in the Nasdaq-100.
This news comes as Palantir, another data analytics firm, is also expected to join MicroStrategy among newly added companies. The inclusion of these firms highlights the growing recognition of their innovative approaches and market relevance.
Notably, Bitwise, a leading cryptocurrency index fund manager, previously predicted that Coinbase, the top US crypto exchange, would be listed on the S&P 500 index in 2025. This prediction suggests that the cryptocurrency industry is gaining traction, with mainstream companies taking notice of its potential.
The addition of MicroStrategy to the Nasdaq-100 index will have significant implications for investors and institutional traders alike.
Source: u.today
