MicroStrategy’s Nasdaq 100 Listing Marks Major Milestone for Bitcoin Adoption

On Friday, MicroStrategy achieved a significant milestone by joining the prestigious Nasdaq 100 index, securing its position among some of the world’s leading tech giants.

The announcement from Nasdaq revealed the annual changes to the index, which includes notable names like Apple, Microsoft, and Amazon. Following the news, MicroStrategy’s stock (MSTR) saw a modest increase of 0.57% in after-hours trading, rising to $411 from the day’s opening price of $400.07.

For those in the cryptocurrency world, this achievement is seen as a major step forward, symbolizing the growing acceptance of Bitcoin by mainstream institutions.

Founded in 1989 by Michael Saylor, MicroStrategy is a leader in business intelligence and analytics solutions. Over the past few years, however, it has gained even more attention for its bold Bitcoin strategy. In 2020, the company made a significant move into the crypto space, investing $425 million into Bitcoin, a decision that was initially met with skepticism. Since then, MicroStrategy has only increased its commitment, recently adding another $1.5 billion to its holdings.

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Today, the company is the largest corporate holder of Bitcoin, owning over 423,650 BTC, worth approximately $42.8 billion. This aggressive investment strategy has made MicroStrategy a key figure in the intersection of traditional business and digital currencies.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.