According to Foresight News, reported by The Block, Bernstein analysts expect that MicroStrategy (MSTR) growth momentum will accelerate due to its potential inclusion in the Nasdaq 100 index and the new U.S. government's focus on the cryptocurrency sector.
Analysts predict that MicroStrategy is expected to enter the Nasdaq 100 index on December 23, which could bring at least $2.1 billion in net ETF purchases. The company has recently increased its holdings to $16 billion in Bitcoin, currently trading at a premium of 147% over the net asset value of Bitcoin. Analysts expect that with the inclusion in the index and changes in accounting rules, the company is likely to join the S&P 500 index in the future. MicroStrategy's stock has risen over 444% year-to-date, closing up 3.3% on Tuesday at $377.32.
