🔶 MSTR joins the NASDAQ 100 index, MicroStrategy and $BTC have achieved mutual success for four years!
👉 MicroStrategy has joined the NASDAQ 100 index, officially becoming one of the bellwethers in the US stock market's crypto field.
MicroStrategy began announcing its Bitcoin purchases in 2020, increasing its holdings to 150,000 coins over four years, becoming the first publicly traded company to make large-scale Bitcoin purchases and holding the most Bitcoin.
💡 But you might not know:
MicroStrategy was once just a B2B company providing data visualization and analysis services (BI) and had its stock price plummet due to financial issues, later undergoing corporate restructuring.
In 2020, MicroStrategy started using the cash on its balance sheet to purchase Bitcoin, making Bitcoin the core strategic pillar of MicroStrategy, while its traditional BI business was marginalized.
MicroStrategy's president Michael Saylor promoted the value of Bitcoin in various forums, encouraging other companies to hold Bitcoin, followed by Tesla and others, who also began to hold Bitcoin, now only second to MicroStrategy in holdings.
Through its transformation in the BTC industry, MicroStrategy has overcome its corporate difficulties and has played a key role in promoting the approval of Bitcoin ETFs.
After the news of MicroStrategy joining the NASDAQ 100 was released this morning, BTC also surged above $100,000, with Bitcoin making MicroStrategy successful, but MicroStrategy has also, to some extent, fed back into BTC.
—— Holding, promoting, achieving mutual success, will never go out of style in the crypto space 😇
