news 
Nasdaq to Add MicroStrategy to the Nasdaq 100 Index
In a significant move, Nasdaq announced yesterday that it will be adding MicroStrategy, a business intelligence company turned Bitcoin believer, to its prestigious Nasdaq 100 index. The decision comes after a year of immense growth in the cryptocurrency market and the significant impact of MicroStrategy’s investment in Bitcoin on its stock price.
The inclusion is expected to have a substantial effect on both MicroStrategy and the broader cryptocurrency industry as it provides institutional investors with exposure to digital assets through the index. In 2021, MicroStrategy made headlines by investing heavily in Bitcoin, buying over $3 billion worth of the digital currency.
This move comes as part of Nasdaq’s annual rebalancing, which will take effect on December 23rd. As a result, the company’s stock will be included in the index, and its market value will increase proportionally to the existing portfolio.
Source: coinjournal.net
