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In large cases, Opinions of the company MicroStrategy Inc. (NASDAQ:MSTR) seems to have joined the Nasdaq 100 list, which leads to a major revision of the index. The change, based on market volume since Nov. 29, will start after 20 Dec.
What happened: According to the report in Seeking Alpha, the merger of MicroStrategy, with its market capitalization of $ 94 billion, will affect the investments that follow the strategy, as Invesco QQQ Trust’s opinion (NYSE:The price of QQQ) and Invesco Nasdaq 100 (NYSE:The price of QQQM).
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The fund will need to change its portfolio to include MicroStrategy by Dec. 20.
MicroStrategy’s entry into the NASDAQ 100 opens up Bitcoin exposure for investors, as the company owns about 2% of Bitcoin assets.
Why Is It Important?: MicroStrategy’s inclusion in the NASDAQ 100 is a testament to its growing influence in financial markets, largely due to its aggressive approach to Bitcoin.
Recently, Bernstein described MicroStrategy as a “Bitcoin magnet,” predicting that it could capture 4% of the world’s Bitcoin revenue by 2033. However, this strategy is not without risks, as some experts warn about its long-term potential.
See also: Inspired by Uber and Airbnb – Deloitte’s fastest growing company turns 7 billion mobile phones into revenue generating products – with $1,000 you can invest $0.26/share!
In addition, Michael Saylorco-founder of MicroStrategy, recently revealed that the company is making huge profits from its Bitcoin assets, he says making $500 million a day while Bitcoin is approaching $100,000.
That’s fueled a surge in MicroStrategy’s stock, which is up 465% year-to-date, which has had a significant impact on performance-related ETFs, as explained in recent report.
MicroStrategy’s recent $3 billion offering of 0% convertible notes, completed quickly, shows investor confidence in its strategy. These documents do not offer any interest but allow participation in the results, showing the market interest to be shown by the Bitcoin-driven growth of MicroStrategy.
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