🎉 MicroStrategy is set to join the Nasdaq 100 on Dec. 23, according to Bloomberg's Eric Balchunas. This move will place the Bitcoin-loving software company among the top 100 stocks by market cap, attracting institutional capital like bees to honey.
- Expect MSTR to hold a 0.47% weight in the index, with $550 billion in ETFs tracking it. Talk about a sweet spot!
- Invesco QQQ Trust will soon welcome MSTR, while Moderna gets the boot. Ouch, vaccines out, Bitcoin in!
- With a $25 billion BTC buying spree, MSTR's strategy has paid off big time, boasting $17 billion in unrealized profits. 🚀