2024-12-12
Bloomberg Intelligence's expectation
that MicroStrategy's stock (MSTR) will join the Nasdaq 100 index on December
23, 2024.
This inclusion is important because it will expose MSTR to hundreds of billions of dollars in institutional capital flows tracking the widely-followed index.
Eric Balchunas on X: "$MSTR is likely to be added to $QQQ on 12/23 (w/ announcement coming 12/13).
Super Micro Computer and Moderna Inc is
likely to be deleted from the Nasdaq 100. Arm Holdings plc (ARM) joined the
Nasdaq-100 Index on June 24, 2024.
MicroStrategy, which has become a de
facto Bitcoin hedge fund, has seen its stock skyrocket due to its aggressive
Bitcoin acquisition strategy.
Analysts estimate that MSTR could hold
a 0.47% weight in the index, making it the 40th largest holding.
This inclusion is largely due to its
significant Bitcoin holdings and the company's classification as a tech stock,
despite its heavy investment in cryptocurrenc.
Analysts predict that this addition
could trigger around $2.1 billion in ETF investments.
