MicroStrategy (MSTR) reached a major milestone yesterday by becoming the first Bitcoin-focused company to join the Nasdaq 100 Index. Michael Saylor, founder of MicroStrategy and one of the most vocal Bitcoin proponents, expects MARA Holdings (MARA) to be the next company to make this move.
He shared this prediction on December 14 via an X-post, in response to congratulations from MARA’s CEO Fred Thiel. MicroStrategy’s official entry into the Nasdaq 100 will take place on December 23.
MARA on its way to the Nasdaq 100?
MARA Holdings, one of the largest Bitcoin miners in the world, appears to have the same ambitions as MicroStrategy. The company recently invested more than $600 million in Bitcoin and is actively working to strengthen its position within the crypto sector. Still, there’s still a long way to go: MARA’s market cap currently stands at $7.32 billion, while MicroStrategy’s is a whopping $94.77 billion.
Fred Thiel, CEO of MARA, indicated that the company is working hard to become the next candidate for the Nasdaq 100. A listing in this prestigious index would not only give MARA greater visibility, but also provide access to institutional investors.
Strategic importance of Bitcoin
MARA also emphasizes the strategic importance of Bitcoin for the United States. In a recent statement, the company urged the US government to take a stronger position in Bitcoin and crypto mining. According to MARA, this is of national importance, given the increasing threat of de-dollarization, with countries making themselves less dependent on the US dollar.
MicroStrategy: an example of dedication
MicroStrategy remains a leading example of how Bitcoin companies can grow within traditional markets. The company now owns more than 214,000 BTC, which amounts to more than 1% of the total Bitcoin supply. With ambitious plans to invest hundreds of millions of dollars more in Bitcoin, MicroStrategy remains a pioneer in the sector.
Conclusion
With MicroStrategy’s entry into the Nasdaq 100, it sets a new standard for Bitcoin companies. MARA Holdings seems determined to follow in MSTR’s footsteps, but will still have to overcome obstacles to realize this dream. Bitcoin’s increasing involvement in national and economic strategies makes it clear that crypto’s role in the global financial sector is becoming increasingly important.
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Source: https://newsbit.nl/na-microstrategy-wordt-mara-holdings-de-volgende-in-de-nasdaq-100/
