MicroStrategy (MSTR) is anticipated to secure a spot in the Nasdaq 100 index on December 23, with an official announcement expected this week, according to Bloomberg Intelligence analyst Eric Balchunas in a post shared on the X platform.
This inclusion would position MicroStrategy—a software company turned Bitcoin-focused investment powerhouse—among the top 100 largest companies listed on the Nasdaq by market capitalization.
The move is expected to attract significant institutional investment, as the Nasdaq 100 is tracked by funds managing hundreds of billions of dollars.
“MicroStrategy is projected to hold a 0.47% weight in the index, making it the 40th largest component. The Nasdaq 100 is tracked by ETFs with a combined $550 billion in assets,” Balchunas noted on December 10.
For example, MicroStrategy’s inclusion would mean its addition to the Invesco QQQ Trust (QQQ), a major exchange-traded fund (ETF) that manages around $322 billion in assets.
Balchunas suggested that Moderna, the biotechnology company known for its COVID-19 vaccine, could be removed to make room for MicroStrategy. “Moderna getting booted feels symbolic,” he remarked.
The analyst also speculated that MicroStrategy might enter the S&P 500—the most widely-followed stock index globally—by 2025.
Bitcoin-Focused Strategy Brings Gains
Since adopting Bitcoin as part of its corporate treasury strategy in 2020, MicroStrategy has spent about $25 billion on acquiring the cryptocurrency. Under the leadership of co-founder Michael Saylor, this bold approach has resulted in an estimated $17 billion in unrealized gains, based on data from MSTR Tracker. The company currently holds close to 425,000 BTC, valued at over $42 billion.
Bitcoin’s steady price appreciation, which saw it surpass $100,000 per coin in December, has validated MicroStrategy’s strategy. The stock has surged approximately 2,500% since 2020, outperforming nearly all other large public companies except Nvidia.
With its stock trading at a premium to its Bitcoin holdings, analysts, such as Mark Palmer from Benchmark Research, suggest that MicroStrategy’s continued investment in Bitcoin could drive further growth in its share price.
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