Michael Saylor's MicroStrategy has now been included in the Nasdaq 100 index
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Bit360 10 hours ago
Michael Saylor's MicroStrategy has now been included in the Nasdaq 100 index
Michael Saylor's MicroStrategy has now been included in the Nasdaq 100 index
Key Points: Michael Saylor's MicroStrategy joins the Nasdaq 100 index, effective December 23.
The growth of MicroStrategy is closely related to the cryptocurrency market, particularly Bitcoin, which has recently experienced significant increases.
The stock price of Bitcoin investment company MicroStrategy has surged significantly over the past year and was subsequently included in the renowned Nasdaq 100 index.
Michael Saylor's MicroStrategy has now been included in the Nasdaq 100 index
Michael Saylor's MicroStrategy joined the Nasdaq 100 index after a surge in its stock price
As of December 1, MicroStrategy's market capitalization has soared to nearly $98 billion, nearly doubling from earlier this year. This growth is largely attributed to the booming cryptocurrency market, during which the company’s stock price increased by nearly 500%.
This change was announced after trading ended on Friday and will take effect before the market opens on December 23. There were high hopes for its inclusion in the index due to investor speculation about MicroStrategy joining the Nasdaq's annual rebalancing.
The Nasdaq 100 index consists of 100 non-financial companies from various sectors, including technology, retail, biotechnology, and healthcare. It includes some of the world's largest companies, such as Apple, Amazon, Google, and Microsoft.
As of November 29, Michael Saylor's MicroStrategy has a market capitalization of $92 billion, ranking 40th in the index. At the time of this announcement, the company's value had risen to over $98 billion, reflecting significant growth in 2023.
Microsoft rejected a Bitcoin proposal amid the cryptocurrency surge
Michael Saylor's MicroStrategy is closely tied to the success of Bitcoin, which has soared in recent months. The surge in cryptocurrency is also accompanied by political shifts: the optimism surrounding cryptocurrency aligns with the statements of elected President Donald Trump, aiming to make America a 'stronger nation' and the 'crypto capital of the world.'
This development occurred days after Microsoft shareholders voted against a proposal to add Bitcoin to its balance sheet. MicroStrategy CEO Michael Saylor recently stated at a conference that if Microsoft were to embrace Bitcoin, its market cap could increase by nearly $5 trillion.
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