news 
Title: MicroStrategy on Track to Become Part of Nasdaq-100
MicroStrategy, a leading business intelligence company, is likely to be added to the Nasdaq-100 index in the near future. As reported by U.Today, MicroStrategy has been steadily climbing up the market capitalization ranks and is now expected to join data analytics firm Palantir among newly added companies.
The inclusion of MicroStrategy would have a significant impact on the cryptocurrency markets as ETFs with roughly $350 billion worth of assets under management will be required to purchase the company’s shares. This could lead to an increase in demand for MicroStrategy’s stock and potentially drive up its price.
It is no surprise that the company has been making rapid gains, given the success of their Bitcoin investment strategy. As reported by other outlets, Michael Saylor, the CEO of MicroStrategy, has been a vocal advocate for the adoption of cryptocurrencies as an alternative store of value.
In addition to their impressive growth, it’s worth noting that Alex Dovbnya, a cryptocurrency expert and trader, has been predicting further gains in the market.
Source: u.today
