Market Capitalization Growth and Index Inclusion: A Look at MicroStrategy’s Recent Developments
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Title: MicroStrategy’s Bitcoin Strategy Pays Off as it Joins Nasdaq 100 Index
MicroStrategy, a company founded by Michael Saylor, has shown remarkable growth over the past four years. As of December 2024, the company holds approximately 423,650 Bitcoin, valued at roughly $41.5 billion.
In a recent development, MicroStrategy’s market capitalization boost has led to its inclusion in the Nasdaq 100 exchange-traded fund, which consists of the most profitable non-financial companies whose stock trades on the Nasdaq Stock Market. The index also includes tech giants such as Tesla, Apple, Meta, Amazon, and Microsoft.
As reported by U.Today, MicroStrategy’s Bitcoin strategy since 2020 has been instrumental in driving its market capitalization growth. During this period, the company has consistently issued senior convertible bonds to raise billions of US dollars for large-scale Bitcoin acquisitions.
It is essential to note that a significant portion of these funds was invested in BTC, which has seen an incredible rise in value over the past two years.
Source: u.today
