MicroStrategy Will Be Added to Nasdaq 100

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On December 23, MicroStrategy will officially join the Nasdaq 100 index. This position in the index alongside other notable companies like Palantir and Axon Enterprise will make MicroStrategy a target for large exchange-traded funds, such as QQQ ETF.

ETF analyst James Seyffart of Bloomberg predicts that these funds will purchase at least $2.1 billion worth of MicroStrategy shares.

Despite the company’s current market capitalization of $98 billion, which far exceeds the value of its approximately 423,650 Bitcoin holdings worth approximately $43 billion, MicroStrategy’s CEO Michael Saylor continues to use a “flywheel effect” strategy to acquire even more Bitcoin.

This approach has resulted in the company adding 197,150 Bitcoin to their position since September 12, driving up their average purchase.