Bitcoin Advocate MicroStrategy Eyes Nasdaq 100 Spotlight

MicroStrategy is currently in a critical juncture, as it is in the process of integrating into the Nasdaq 100 index. It is anticipated that the decision will be officially announced on December 13 and will be implemented on December 23. Related Reading: Justin Sun $119 Million Ethereum Sell-Off – Market Strategy Or Warning Sign? A […]

Dec 12, 2024 - 05:00

Bitcoin Advocate MicroStrategy Eyes Nasdaq 100 Spotlight

MicroStrategy is currently in a critical juncture, as it is in the process of integrating into the Nasdaq 100 index. It is anticipated that the decision will be officially announced on December 13 and will be implemented on December 23.

A Significant Milestone In The Nasdaq 100

The Nasdaq 100 Index, which tracks the largest non-financial companies on the Nasdaq exchange, is scheduled for rebalancing, which would bring MicroStrategy into its portfolio.

According to analysts, this should trigger approximately $2.1 billion in net ETF inflows as the funds rebalance their portfolios to include shares of MicroStrategy. That inflow is about 20% of the average daily trading volume for shares of MicroStrategy, so it is a significant event financially for the company and its shareholders.