MicroStrategy, the bitcoin investment firm, is poised to join the $312 billion Invesco QQQ ETF, one of the largest exchange-traded funds that tracks the Nasdaq-100 Index. The decision on whether MicroStrategy will be included in the ETF will be announced by Nasdaq on December 13. If included, it would bring more bitcoin into the index, as MicroStrategy holds a $37 billion stockpile of the cryptocurrency. The move could also potentially exert significant upward pressure on MicroStrategy's stock price and provide indirect bitcoin exposure for passive investors through the ETF.
- Content Editor ( coindesk.com )
- 2024-12-03
MicroStrategy Looks Poised to Join Influential Nasdaq-100 Index. Here's What That Means for the Stock.