Michael Saylor, the inventor of MicroStrategy and a prominent Bitcoin supporter, predicts that crypto miner MARA Holdings will join the Nasdaq 100 index next.

MicroStrategy Joins Nasdaq 100

The comment came in response to a letter from Fred Thiel, honoring MicroStrategy's Nasdaq 100 membership, effective before trading on December 23. Nasdaq 100 membership is a significant milestone, as it places a company among the top 100 non-financial Nasdaq businesses by market value.

According to Financecharts data, MicroStrategy's market value stood at $94.77 billion on December 13, while MARA's market value was $7.32 billion.

Fred Thiel noted Saylor's comment and MARA's desire to achieve this goal. "We're working hard to get there," he said.

Recent MARA Financial Maneuvers

MARA's recent financial maneuvers demonstrate its resolve to achieve this goal. According to a December 2 SEC filing, the company invested over $600 million in Bitcoin in the preceding two months.

MARA's stock has also risen, closing at $22.73 on December 13, up 16.74% in six months. Google Finance data showed MicroStrategy closing at $408.67, up 173.27%.

MicroStrategy joins two other Nasdaq 100 businesses, while Illumina, Super Micro Computer, and Moderna are excluded. The index reshuffle reflects its dynamic nature and the growing importance of Bitcoin-focused enterprises.

MARA's Ambitions Go Beyond Stock Market Success

MARA wants more than just stock market success. On November 26, the company urged the US to take more action to "secure dominant positions in Bitcoin and Bitcoin mining," citing national security concerns.

MARA Buys Nearly 12,000 Bitcoins

Using $1.1 billion from its zero-coupon convertible notes, the mining company bought nearly 12,000 Bitcoins at $96,000 each. As of December 9, MARA's total Bitcoin holdings stood at 40,435 BTC, worth $3.9 billion at current pricing.

MARA reported that its Bitcoin holdings yielded 12.3% quarter-to-date and 47.6% year-to-date.

MicroStrategy's Bitcoin Holdings

#MarketNewHype #ETHHits4KAgain #BTCNewATH

According to an official filing on December 9, MicroStrategy bought 21,550 BTC for $2.1 billion between December 2 and 8. This acquisition boosts MicroStrategy's Bitcoin holdings to 423,650 BTC, worth $41.5 billion at current pricing, with an average price of $98,783.