PANews reported on December 17, according to CoinDesk, that brokerage firm Benchmark stated in a report on Monday that MicroStrategy (MSTR) being included in the Nasdaq 100 index (Nasdaq-100) is a big deal, but in the medium term, if it can be included in the S&P 500 index in the United States, it could present an even bigger opportunity. Previously, it was reported that MicroStrategy would be included in the Nasdaq 100 index on December 23.
The report stated that the company founded by Michael Saylor easily met the market capitalization and trading volume requirements for inclusion in the S&P 500 index, but currently does not meet the other two requirements. The company needs to report positive earnings for the most recent quarter, as well as 'positive earnings for the sum of four consecutive quarters.' However, MicroStrategy has indicated plans to adopt new Financial Accounting Standards Board guidelines for the Bitcoin it holds on its balance sheet starting in the first quarter of 2025, which will 'enable it to begin reporting positive earnings immediately.'
Bernstein stated in a report on Monday that MicroStrategy has become the first Bitcoin company to enter the Nasdaq 100 index and will become the 40th largest company in that index, with a weight of 0.47%. The inclusion of MicroStrategy in the Nasdaq 100 index is a significant milestone for the stock, as the fifth largest ETF by assets under management, the Invesco QQQ Trust Series ETF, will include it in its index along with many other companies.