MicroStrategy, led by Michael Saylor, has officially joined the Nasdaq 100 index, marking its transition from a software company to a major player in the financial market. The stock price of MicroStrategy has been fluctuating since the announcement, and analysts predict a possible rally in prices due to increased visibility and potential institutional interest. The company's performance is closely tied to Bitcoin, as it currently holds a significant amount of BTC, acquired at an estimated cost of $7.64 billion. A Polymarket bet suggests that there is an 89% chance that MicroStrategy will buy more Bitcoins before 2024 ends. With the current dip in Bitcoin prices, it presents an opportunity for institutions like MicroStrategy to make further Bitcoin purchases. Investors will be monitoring MicroStrategy's next moves as it aims to reach the $400 mark.



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