Michael Saylor anticipates MARA Holdings' Nasdaq-100 inclusion.
MARA Holdings' Bitcoin acquisition strategy aligns with Nasdaq-100 criteria.
MARA Holdings raised over $700M this month to expand Bitcoin reserves.
MicroStrategy, co-founded by Michael Saylor, recently secured a spot on the Nasdaq-100 Index, a significant achievement in the tech world.
This milestone has sparked discussions in the Bitcoin ecosystem, with companies like MARA Holdings offering congratulations.
MARA Holdings, a firm known for its Bitcoin investment strategy, is now seen as a potential future member of the Nasdaq-100.
https://twitter.com/fgthiel/status/1867948767686885548
Fred Thiel, the CEO of MARA Holdings, highlighted MicroStrategy’s entry as a triumph for Bitcoin-focused companies, calling it the first Bitcoin treasury company to make the list.
Saylor, in response, expressed confidence that MARA Holdings would soon join the prestigious index as well, given their shared commitment to Bitcoin.
Both companies have embraced a Bitcoin treasury strategy, amassing substantial Bitcoin reserves over the years. MARA Holdings recently raised over $700 million through private notes and used some funds to acquire 11,774 BTC for $1.1 billion. This acquisition increased the company’s total Bitcoin holdings to 40,435 BTC, valued at $3.9 billion.
MicroStrategy’s entry into the Nasdaq-100 was driven by its consistent stock performance, supported by its substantial Bitcoin holdings. The company met the Nasdaq-100 criteria, including maintaining a daily stock volume of 250,000 and meeting financial disclosure requirements.
Despite being relatively distant from achieving such a listing, Saylor believes that MARA Holdings is on a similar path.
MARA Holdings’ substantial Bitcoin acquisitions position the company in a strong financial position, which could help it meet the necessary benchmarks for future Nasdaq-100 inclusion.
CEO Fred Thiel affirmed that the company is working diligently toward this goal, following MicroStrategy's path in integrating Bitcoin into its financial strategy.
