MicroStrategy officially joined nan Nasdaq 100 connected Friday, cementing its spot among an elite group of companies. Nasdaq announced nan listing successful a property merchandise detailing nan yearly changes to nan Nasdaq-100 index. MicroStrategy's MSTR banal roseate connected news of nan listing successful after-hours trading 0.57% and is presently trading astatine $411.00, starting nan time astatine $400.07, according to MarketWatch.
For Bitcoin enthusiasts, this milestone is simply a infinitesimal of vindication, showcasing really acold nan cryptocurrency manufacture has travel successful gaining organization recognition.
HISTORY: MAJOR EXCHANGE NASDAQ ADDS MICROSTRATEGY TO TOP 100 STOCK INDEX
ITS 1st #BITCOIN COMPANY 🔥 pic.twitter.com/vQihZu4DQ5
— The Bitcoin Historian (@pete_rizzo_) December 14, 2024
Created successful 1985, nan Nasdaq 100 is an scale of nan apical 100 non-financial companies connected nan Nasdaq Stock Market. These companies see Apple, Meta, Microsoft, Amazon, and Nvidia. The Nasdaq 100 serves arsenic a benchmark for insights into capacity and investor sentiment toward non-financial companies.
Founded by Michael Saylor successful 1989, MicroStrategy is simply a business intelligence and analytics solutions company; successful caller years, nan institution has go equally, if not more, well-known for its fierce Bitcoin strategy.
Under Saylor, MicroStrategy began acquiring Bitcoin successful 2020 arsenic portion of a bold—or foolhardy, arsenic detractors said—$425 cardinal investment. Fast guardant 4 years, and MicroStrategy has only doubled down successful its belief successful Bitcoin, expanding its holdings by $1.5 cardinal earlier this month.
Currently, MicroStrategy holds complete 423,650 BTC, worthy astir $42.8 billion, making it nan largest firm Bitcoin holder successful nan world.