Institutions are rising against the wind!!! MicroStrategy successfully enters the Nasdaq 100, bringing new momentum to Bitcoin
MicroStrategy officially joined the Nasdaq 100 index on Friday, further solidifying the company's position among elite global enterprises. Nasdaq's announcement indicated that MicroStrategy (MSTR) shares rose by 0.57% in after-hours trading, reaching $411, up from an opening price of $400.07. For Bitcoin investors, this is undoubtedly an important milestone, as the cryptocurrency industry has taken a solid step towards gaining institutional recognition.
Since its establishment in 1985, the Nasdaq 100 index has become a benchmark for the performance of non-financial companies, gathering global tech giants like Apple, Meta, Microsoft, Amazon, and Nvidia. Today, MicroStrategy's inclusion has injected more mainstream financial trust into Bitcoin.
Since 2020, under the leadership of founder Michael Saylor, MicroStrategy has embarked on an ambitious Bitcoin investment strategy. The company initially invested $425 million to purchase Bitcoin and has since become the largest corporate holder of Bitcoin globally, currently holding over 423,650 Bitcoins with a market value of approximately $42.8 billion. Four years later, MicroStrategy's confidence in Bitcoin remains rock-solid; rather than reducing its holdings, it has further increased its position.
MicroStrategy's success not only proves Bitcoin's long-term value as an asset but also highlights the accelerated integration of cryptocurrency with traditional financial markets. Clearly, Bitcoin is gradually becoming an important asset class in the capital of large institutions, and the future market prospects are even more promising.
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