CandleFocus

MicroStrategy to join Nasdaq 100 with $2.1 billion in ETF share buying expected

MicroStrategy is set to join the Nasdaq 100 Index on December 23, with ETFs expected to purchase $2.1 billion worth of its shares. It is anticipated that the company will have a 0.47% weight in the index. However, inclusion in the S&P 500 may be more difficult due to MicroStrategy's lack of profitability. Additionally, an upcoming change in accounting rules related to Bitcoin valuations could potentially make the company eligible for the S&P 500 in 2025. MicroStrategy recently purchased an additional 21,550 BTC, bringing their total holdings to 423,650 BTC valued at approximately $42 billion.

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