Bitcoin's Biggest Ally? MicroStrategy (MSTR) Joins Nasdaq 100 After $100B Surge
MicroStrategy (MSTR) is expected to join the Nasdaq 100 index on December 23. This move marks a key shift in how cryptocurrency works with traditional finance. Bloomberg analysts say ETFs will buy $2.1 billion worth of shares of MicroStrategy (MSTR), which equals 20% of daily trading volume. The company’s bitcoin investments have made it a leader in both the cryptocurrency and stock markets. $MSTR is likely to be added to $QQQ on 12/23 (w/ announcement coming 12/13). Moderna likely to get boot (symbolic). Below is best guess of adds/drops via @JSeyff. Likely a 0.47% weight (40th biggest holding). There's $550b of ETFs tracking the index. S&P 500 add next yr prob. pic.twitter.com/rmTavtvWQL — Eric Balchunas (@EricBalchunas) December 10, 2024 Also Read: $1000 in Dogecoin Today: What Could It Be Worth by 2030? How MicroStrategy’s Stock Soared with Bitcoin’s Growth and Nasdaq 100 Addition Source: Coinlive Record-Breaking Performance JUST IN: MicroStrategy $MSTR w...