According to Decrypt, MicroStrategy has officially joined the Nasdaq 100 Index. Nasdaq announced this annual change in a press release and will take effect before the opening of the market on December 23.
MicroStrategy's MSTR stock rose 0.57% in after-hours trading and is currently trading at $411.00. The move is seen as an important milestone in the cryptocurrency industry's institutional recognition.
The Nasdaq 100 Index was created in 1985 and includes top non-financial companies such as Apple, Meta, Microsoft, Amazon, and Nvidia. MicroStrategy was founded in 1989 by Michael Saylor and has become known for its aggressive BTC strategy in recent years.
Since 2020, MicroStrategy has begun acquiring BTC and currently holds more than 423,650 BTC, worth more than US$42 billion, making it one of the world's largest corporate BTC holders.
