Analyst: If ICB classifies MSTR as a financial stock, it will not qualify for the Nasdaq 100.

According to Deep Tide TechFlow news, on December 11, Bloomberg analyst James Seyffart posted on social media that whether Microstrategy (MSTR) can be classified as part of the Nasdaq 100 may depend on its ICB classification.

If the company's operating business is software as a service, it will be classified as a tech stock. However, its stock performance is now largely linked to financial engineering, stemming from its purchase of Bitcoin.

Chairman Michael Saylor has stated that he hopes to transform MicroStrategy into a 'Bitcoin bank.' If ICB reclassifies MicroStrategy as a financial stock, it will not qualify for the Nasdaq 100.