MicroStrategy, a prominent American tech firm, could soon find itself included in the prestigious Nasdaq 100 Index.
A recent report from Guru Focus revealed that some established tech companies like Moderna are at risk of being removed, potentially clearing the way for MicroStrategy’s inclusion. The final list of companies entering and leaving the Nasdaq 100 will be released on December 13, but Bloomberg Intelligence has already shown optimism about MicroStrategy’s chances.
The company’s growing influence, particularly due to its aggressive Bitcoin strategy, is seen as a significant factor in its rising prominence. MicroStrategy has gained attention for its Bitcoin-centric treasury reserve strategy, which it adopted in August 2020. Since then, the company has steadily accumulated over 423,000 Bitcoin, setting it apart in the tech sector.
Senior analysts, such as Bloomberg’s Eric Balchunas, have even suggested that other firms, like Palantir Technologies, could also make the cut.
In order to join the Nasdaq 100, firms must meet stringent criteria, such as being listed on the exchange for at least two years and trading a daily volume of 200,000 shares. MicroStrategy’s entry into this list would mark a significant milestone for the company, which was founded in 1989 and became well-known after its shift to Bitcoin adoption.
Despite facing some challenges, such as Microsoft’s decision to reject Bitcoin as a reserve asset, the company’s Bitcoin-first strategy has inspired other firms, including Tesla and Semler Scientific, to follow suit.
The first week of July brought notable advancements in crypto infrastructure, governance, and trading.
Europe’s reluctance to embrace stablecoins and blockchain technology could erode its monetary sovereignty and marginalize the euro in the next phase of global finance, according to former European Central Bank board member Lorenzo Bini Smaghi.
Toncoin (TON) has unveiled an exclusive partnership with the United Arab Emirates (UAE) to offer users a path to the coveted 10-year UAE Golden Visa—through crypto staking.
Bo Hines, the U.S. President’s Chief Advisor on Digital Assets, believes that upcoming stablecoin legislation could catapult the digital asset market to unprecedented heights. In a recent statement,