📈 MicroStrategy Expands Bitcoin Holdings and Joins Nasdaq-100 Index 🚀
🔹 New Bitcoin Purchase:
MicroStrategy acquired 5,262 BTC 🪙 last week, increasing its total holdings to approximately 439,000 BTC. This purchase was funded through stock sales, continuing its aggressive Bitcoin investment strategy.
🔹 Nasdaq-100 Inclusion:
Starting December 23, 2024, MicroStrategy will officially join the Nasdaq-100 Index 📊, which features the largest non-financial companies listed on Nasdaq. This move could attract more institutional investments 💼.
🔹 Stock Performance:
Despite a 25% drop 📉 in the last month, MicroStrategy’s stock is still up nearly 400% this year 📈, outperforming Bitcoin’s 125% rise. The company’s Bitcoin holdings are valued at $43 billion 💰, contributing to its $79 billion market cap.
🔹 Analyst Opinions:
Mixed reactions 🤔—some are optimistic about future index inclusions like the S&P 500 🌟, while others warn about the risks tied to Bitcoin’s volatility ⚠️.
Overall, MicroStrategy continues to ride the Bitcoin wave 🌊, positioning itself as a leader in crypto adoption 🚀.