It is a real possibility that MicroStrategy (MSTR), led by Michael Saylor, will soon be included in the Nasdaq-100 index. Bloomberg analysts predict the company could rank 40th in the index, with a 0.47% weighting. According to their forecast, this drawdown could trigger a massive influx of new capital.
$2.1 billion inflow through Nasdaq-100 ETF
MSTR’s inclusion in the Nasdaq-100 is estimated to result in an inflow of $2.1 billion in shares through the Nasdaq-100 ETF. “This represents about 20% of daily trading volume,” said James Seyffart, ETF analyst at Bloomberg. An official announcement is expected on December 13, with MSTR officially added to the index a week later.
The Nasdaq-100 index includes the hundred largest non-financial companies listed on the Nasdaq stock exchange. It acts as an important benchmark for investors and influences a wide range of products, including the Invesco QQQ Trust ETF. With a total of $550 billion in ETF assets tracking this index, composition changes have a significant impact.
Strengthening MicroStrategy’s reputation
Inclusion in the Nasdaq-100 would significantly strengthen MicroStrategy’s reputation. The company’s market capitalization has already risen sharply this year, partly thanks to the Bitcoin (BTC) rally. This development highlights how traditional investors are seeking exposure to the crypto market through the stock market.
Symbolic milestone for the crypto industry
The potential inclusion of a crypto-oriented company like MicroStrategy in the Nasdaq-100 marks a significant shift. It would be a confirmation of the growing acceptance of crypto within traditional financial markets and a stimulus for innovation in the sector.
Although inclusion in the S&P 500, the largest stock index in the world, remains unattainable for the time being due to the strict profitability requirements, inclusion in the Nasdaq-100 is an impressive achievement. This year, MicroStrategy reaffirmed its commitment to Bitcoin with multiple purchases, increasing the company’s total Bitcoin reserves to 423,650 BTC.
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Source: https://newsbit.nl/microstrategy-mogelijk-opgenomen-in-nasdaq-100-een-mijlpaal-voor-de-crypto-industrie/
