PANews reported on December 12 that according to Bloomberg analyst James Seyffart's prediction, MicroStrategy's Nasdaq 100 Index qualification may be affected by its ICB classification. Although the company is currently classified as a technology stock, its stock price performance is closely related to Bitcoin-related financial businesses. MicroStrategy Chairman Michael Saylor once said that he hopes to transform the company into a "Bitcoin bank." If the ICB reclassifies it as a financial stock, the company may lose its Nasdaq 100 Index qualification.
ICB classification is based on the company's revenue source. Nasdaq plans to announce the final decision on December 15, and the reclassification process is expected to start before the end of January next year. The biggest risk at present is that MicroStrategy may be excluded due to classification issues.