🔶 MSTR joined the Nasdaq 100 Index, a four-year mutual achievement with MicroStrategy and
$BTC !
👉 MicroStrategy has joined the Nasdaq 100 Index, officially becoming one of the bellwethers in the US stock market crypto space.
MicroStrategy began announcing its purchases of Bitcoin in 2020, increasing its holdings to 150,000 coins over four years, becoming the first publicly traded company to buy on a large scale and hold the most Bitcoin.
💡 But you may not know:
MicroStrategy was once just a B2B company providing data visualization analysis services (BI) and had seen its stock price plummet due to financial issues, later going through a company restructuring.
In 2020, MicroStrategy started using the cash on its balance sheet to purchase Bitcoin, making Bitcoin the core strategic pillar of MicroStrategy, while its traditional BI business became marginalized.
MicroStrategy's president, Michael Saylor, promoted the value of Bitcoin in various venues, encouraging other companies to hold Bitcoin, and subsequently companies like Tesla began holding Bitcoin as well, now having positions just behind MicroStrategy.
Through the transformation from BTC's industry, MicroStrategy escaped its corporate difficulties and played a key role in promoting the passage of Bitcoin ETFs.
After the news of MicroStrategy joining the Nasdaq 100 was released this morning, BTC also surged above $100,000, with Bitcoin achieving great things for MicroStrategy, but MicroStrategy has also, to some extent, given back to BTC.
—— Holding, promoting, and mutually achieving will never go out of style in the crypto space😇
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