MicroStrategy joins Nasdaq 100 as the first Bitcoin treasury firm.
MARA invests $600M+ in Bitcoin, aiming for Nasdaq 100 inclusion.
Nasdaq 100 reshuffle signals growing acceptance of crypto-focused firms as MicroStrategy leads the charge, inspiring others like MARA.
MicroStrategy company, one of the oldest Bitcoin adopters, will join Nasdaq 100 starting from December, 23rd. Currently, market capitalization is $94.77 billion and it has set a benchmark of utilizing crypto in the finance business. The founder of MicroStrategy and MARA Holdings, Michael Saylor, commented on this achievement. He stated that he is excited to see that MARA Holdings has made outstanding contributions to the Bitcoin industry. He also proposed that MARA could be the next digital currency firm to be included in the index.
The Nasdaq 100 gives the largest non-financial corporations’ list on the Nasdaq Stock Exchange. MicroStrategy’s inclusion further supports its long-term strategic planning process and its approach to using Bitcoin for corporate treasury. In addition to enhancing its market status, this accomplishment places MicroStrategy in a comprehensive role of connecting digital currency and conventional financial systems.
MARA Holdings Targets Nasdaq 100 Inclusion
Fred Thiel, the CEO of MARA Holdings, congratulated MicroStrategy on its inclusion in the Nasdaq 100. He emphasized MARA’s aspiration to achieve similar success. Over the past two months, MARA has invested more than $600 million in Bitcoin. This move reflects its confidence in the cryptocurrency market.
Currently, MARA has a total market value of $7.32 billion, much less than MicroStrategy company. For MARA to be qualified in the Nasdaq 100, it requires significant growth in its operations and portfolio investments. Recently its stock price has been in the right direction, rising in the last six months by 16.74%. This upward trend has been an indication of high investors’ expectations for the better future prospects of the company.
The firm’s passion for Bitcoin mining and the large acquisitions reveal MARA’s look-forward position in the cryptocurrency industry. The company is set on ensuring the United States has a more robust role in Bitcoin mining. Since it is considered crucial to the economy and defense of the nation. MARA has consequently compared Bitcoin to gold. He explained that aspirations for the U.S. to become the global leader in embracing digital assets must be pursued.
Nasdaq Reshuffles to Include Cryptocurrency Innovators
MicroStrategy’s inclusion in the Nasdaq 100 coincides with a broader reshuffle in the index. Companies like Illumina, Moderna, and Super Micro Computer will be removed, making room for new entrants. This change underscores the increasing recognition of cryptocurrency-focused firms within the traditional financial landscape.
MARA remains determined to join this elite group, citing its strategic investments and operational growth. As the cryptocurrency market evolves, companies like MicroStrategy and MARA Holdings are setting benchmarks for integrating digital assets into mainstream financial systems. Their progress reflects a broader shift in how cryptocurrency is reshaping the global economic landscape.
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