According to ChainCatcher news reported by The Block, MicroStrategy (MSTR) will officially join the Nasdaq 100 index on December 23, 2024, becoming the first Bitcoin-focused company to be included in this index.
The index includes the 100 largest non-financial companies listed on the Nasdaq stock market. Being part of this index means that ETFs tracking this index can buy large amounts of stock. Analysts expect this to bring about $2.1 billion in passive ETF buying. Although the company has not yet met the earnings standards of the S&P 500, MicroStrategy is expected to be included in the S&P 500 quarterly adjustment in June 2025 after the new accounting standards take effect in January 2025.
