Deep Tide TechFlow news, on December 12, according to Bloomberg, MicroStrategy has met all the technical requirements to be included in the Nasdaq 100 index, but its eligibility remains controversial. Data shows that the company currently holds over $40 billion worth of Bitcoin, with a total market value of $98 billion, and is expected to become the 40th largest constituent of the Nasdaq index. However, its software business reported a net loss of $340 million in the third quarter, and has experienced losses in three out of the last four quarters, raising market concerns about its core business performance.
TD Cowen analyst Lance Vitanza stated that Nasdaq may reject its inclusion on the grounds of its relatively small operational scale, but given its enormous market value, such a decision would be illogical. RIA Advisors portfolio manager Michael Lebowitz suggested reclassifying it as a financial company, arguing that "without Bitcoin, it is essentially a bankrupt company." If successfully included, MicroStrategy would gain access to approximately $451 billion in ETF funding tracking the Nasdaq 100.
