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MicroStrategy’s Market Capitalization Boost Boosts Its Inclusion in Nasdaq 100
As reported by various sources, MicroStrategy, a software company founded by Michael Saylor, has now been included in the Nasdaq 100 exchange-traded fund. The Nasdaq 100 index is comprised of the most profitable non-financial companies whose stock trades on the Nasdaq Stock Market.
The inclusion of MicroStrategy in this prestigious index is not surprising given its outstanding market performance over the past four years. This sudden surge in market capitalization can be attributed to the company’s Bitcoin strategy, which it has been following since 2020. As of December 2024, MicroStrategy holds a staggering 423,650 Bitcoins, worth approximately $41.5 billion.
It is noteworthy that MicroStrategy has been issuing senior convertible bonds to raise billions of US dollars and make large-scale new Bitcoin acquisitions over the past couple of years.
Source: u.today
