MicroStrategy, a business intelligence and analytics solutions company, was officially added to the Nasdaq 100 on Friday, joining the ranks of the top 100 non-financial companies listed on the Nasdaq Stock Market. The news of the listing led to a 0.57% rise in after-hours trading for MicroStrategy’s MSTR stock, which is currently trading at $411.00.
This marks a significant milestone not only for MicroStrategy but for the cryptocurrency industry as a whole, as Bitcoin enthusiasts see this as a testament to the growing institutional recognition of cryptocurrency. The Nasdaq 100, created in 1985, serves as a benchmark for insights into performance and investor sentiment towards non-financial companies, with the likes of Apple, Meta (formerly Facebook), Microsoft, Amazon, and Nvidia among its ranks.
MicroStrategy was founded by Michael Saylor in 1989 and has since established a reputation not only for its core business but also for its aggressive Bitcoin strategy. In 2020, under Saylor’s direction, the company made a bold move by investing $425 million in Bitcoin. Detractors at the time may have labeled this move as foolhardy, but fast-forward to today, and it is clear that MicroStrategy has not wavered in its belief in Bitcoin. Earlier this month, the company increased its holdings by a staggering $1.5 billion.
MicroStrategy now holds over 423,650 BTC, a sum that is valued at approximately $42.8 billion. This makes the company the largest corporate Bitcoin holder in the world. Saylor’s audacious Bitcoin strategy has not only reshaped MicroStrategy’s financial profile, but it has also played a pivotal role in the broader cryptocurrency narrative, demonstrating the potential for large-scale institutional investment in Bitcoin.
The inclusion of MicroStrategy in the Nasdaq 100 is a significant recognition of the company’s growth and the increasing acceptance of Bitcoin in the financial landscape. As we move into 2025, all eyes will be on MicroStrategy as market watchers and Bitcoin enthusiasts alike closely monitor its performance in the Nasdaq 100 and its ongoing Bitcoin strategy. This milestone underscores the continuing evolution of the cryptocurrency industry and its growing impact on global financial markets.
