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**MicroStrategy on Track to Become Part of Nasdaq-100**
A cryptocurrency and digital assets-focused investment firm, MicroStrategy, is reportedly on the cusp of becoming part of the prestigious Nasdaq-100 index. This significant development comes as a result of the company’s impressive growth in market capitalization.
With approximately $350 billion worth of assets under management, ETFs that track the Nasdaq-100 will now be required to purchase MicroStrategy shares. As a direct consequence, the company is expected to become part of the coveted index, which includes prominent tech giants such as Amazon and Google.
According to recent reports, MicroStrategy’s market capitalization has surged significantly, allowing it to inch closer to surpassing chip giant Intel. The news has sent shockwaves through the cryptocurrency community, with many investors and analysts alike taking notice of this extraordinary development.
As a result of its inclusion in the Nasdaq-100, MicroStrategy is expected to gain significant exposure among institutional investors and high-net-worth individuals.
MicroStrategy’s founder, Michael Saylor, has been instrumental in popularizing cryptocurrencies and blockchain technology through his company.
Source: u.today
