MicroStrategy, the world's largest Bitcoin investment firm, is preparing for a new turning point as it is expected to be added to the Nasdaq-100 index. According to Bloomberg analysts #ETF , this could trigger a buying wave worth 2.1 billion USD from ETF funds, equivalent to 20% of daily trading volume.
Important Details
• Announcement and implementation date: Official announcement is expected on December 13, with implementation on December 23.
• Position in Nasdaq-100: #microstrategy will rank 40th with a weight of 0.47% in the index.
• Impact on the market: Nasdaq-100 directly affects the flow of investment capital, with about 550 billion USD in ETF assets tracking this index.
A Memorable Milestone for Crypto
This event not only marks a significant step for MicroStrategy but also opens the door for crypto companies to access traditional finance. This is a clear sign that the cryptocurrency sector is increasingly integrating into the mainstream.
MicroStrategy and Venture Investment
• Recently, MicroStrategy purchased an additional 21,550 BTC worth 2.1 billion USD at an average price of 98,000 USD/coin. The company's total Bitcoin assets now stand at 423,650 BTC, valued at approximately 42 billion USD.
• MicroStrategy's stock soared 450% this year, far exceeding the 110% increase of $BTC . The company's market value reached 82 billion USD, compared to 54.8 billion USD just a month ago.
Conclusion
MicroStrategy's participation in Nasdaq-100 not only boosts the cryptocurrency market but also affirms the position of crypto companies in traditional finance. This promises to be a major step forward, paving the way for a new explosion in the entire industry.