Deep Tide TechFlow News, on December 17, according to The Block, MicroStrategy will officially join the Nasdaq 100 Index on December 23, 2024, becoming the first Bitcoin concept stock to be included in this index. According to Bloomberg analysts, the company is expected to have a weight of 0.47%, ranking 48th, and is projected to attract about $2.1 billion in passive capital inflows. The company currently holds 439,000 Bitcoins, with a total value exceeding $45 billion, accounting for approximately 2% of the total Bitcoin supply.
It is worth noting that MicroStrategy plans to adopt the new accounting standards from the Financial Accounting Standards Board (FASB) in the first quarter of 2025, which allow companies to measure digital assets at fair value and recognize changes in fair value in net income for each reporting period. Benchmark analyst Mark Palmer believes this change could help the company meet the earnings requirements for the S&P 500 Index before June 2025, paving the way for its further push into the S&P 500 Index.
