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Bitcoin Price Prediction: MicroStrategy’s Bitcoin Holdings Boost Its Market Capitalization to Nasdaq 100
In a significant development for the cryptocurrency market, MicroStrategy, founded by Michael Saylor, has been included in the Nasdaq 100 exchange-traded fund. This is a testament to the company’s remarkable growth over the past four years and its commitment to Bitcoin.
As reported earlier, MicroStrategy has consistently bet on BTC since 2020, when it began regularly acquiring large amounts of the cryptocurrency. As of December 2024, the company holds an impressive 423,650 Bitcoins worth approximately $41.5 billion.
The addition of MicroStrategy to the Nasdaq 100 index is a major milestone for the company and serves as a validation of its Bitcoin strategy. This move is expected to boost the market capitalization of MicroStrategy significantly.
It’s also important to note that MicroStrategy has been issuing senior convertible bonds to raise billions of U.S. dollars, which it then uses to acquire even more Bitcoins. This aggressive approach has allowed the company to quickly grow its holdings and contribute to its increased market value.
In a recent prediction, a former Thai Prime Minister suggested that Bitcoin may hit $850,000 in the future.
Source: u.today
