Hey guys.

MicroStrategy joins the Nasdaq-100

MicroStrategy, known as the largest holder of Bitcoin among public companies, has been included in the Nasdaq-100 index after the annual review of the index composition. The company will be inducted on December 23, and will occupy the 40th place among participants with a market capitalization of about $92 billion.

The Nasdaq-100 includes the 100 largest non-financial companies traded on the Nasdaq exchange. Despite MicroStrategy’s active investments in Bitcoin and ambitions to become a Bitcoin-focused financial institution, the company continues to be classified as a technology company.

📊 What does this mean?

The Nasdaq-100 index is tracked by large funds, including the Invesco QQQ Trust, the second-largest ETF in the United States by trading volume, with assets worth more than $320 billion. Overall, the funds tracking the index manage assets worth over $550 billion.

Thus, inclusion in the Nasdaq-100 will open MicroStrategy to billions in passive investments. At the same time, holders of ETFs tracking the index will indirectly gain access to the company's bitcoin reserves, which amount to 439,000 BTC (more than 2% of the total BTC supply).

⚠️ What's next?

Experts such as James Seyffarth from Bloomberg note that MicroStrategy may be reclassified as a financial company in the future. In this case, it will lose the right to be included in the Nasdaq-100.

💡 It is worth being careful and not giving in to excessive optimism, as a correction is approaching in the stock market, and MicroStrategy shares are very inflated. #FUD #MSTR $BTC