{"id":43343,"date":"2024-12-15T23:15:53","date_gmt":"2024-12-15T23:15:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/nasdaq-to-add-microstrategy-to-the-nas100-index\/"},"modified":"2024-12-15T23:15:53","modified_gmt":"2024-12-15T23:15:53","slug":"nasdaq-to-add-microstrategy-to-the-nas100-index","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/nasdaq-to-add-microstrategy-to-the-nas100-index\/","title":{"rendered":"Nasdaq to Add MicroStrategy to the Nas100 Index"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/12\/Nasmstr-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/12\/Nasmstr-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/12\/Nasmstr-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/12\/Nasmstr-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>The Nasdaq exchange has announced its yearly reshuffling of the top 100 largest non-financial companies by market capitalisation and will add MicroStrategy to the list for the first time.<\/li>\n<li>The growth in MicroStrategy\u2019s stock price, fueled by Bitcoin\u2019s positive performance, has ballooned its market value, allowing it to qualify for inclusion.<\/li>\n<li>MicroStrategy\u2019s stock will be exposed to passive investment opportunities by being included in Invesco\u2019s QQQ and other ETFs that invest in the Nasdaq\u2019s top companies.<\/li>\n<\/ul>\n<p>The Nasdaq 100 index tracks the 100 largest companies on the Nasdaq exchange. The companies included are usually recipients of passive fund flows from popular ETFs.<\/p>\n<p>With a market capitalisation of $97.94 billion, MicroStrategy is the 40th largest company on the Nasdaq exchange, largely due to its massive <a href=\"https:\/\/coinjournal.net\/bitcoin\/what-is-bitcoin\/\">Bitcoin<\/a> treasury. The company\u2019s share price has risen 505% since the start of the year, ballooning its market capitalisation from roughly $15 billion on Jan. 2 2024 to its current value.<\/p>\n<p><strong>MicroStrategy\u2019s stock rise<\/strong><\/p>\n<p>MicroStrategy\u2019s tremendous stock price run is driven by its Bitcoin buying efforts, which have spanned from August 2020 to December 2024 and have transformed the company into a quasi-Bitcoin ETF.<\/p>\n<p>In total, the company has spent $23.41 billion on Bitcoin at an average price of $58,200 mainly by issuing debt notes. Its Bitcoin stash is worth $42 billion at market prices at the time of publishing.<\/p>\n<p><strong>More exposure to investors<\/strong><\/p>\n<p>MSTR\u2019s inclusion in the NAS100 will expose it to more investors and funds that invest in the Nasdaq index. The largest fund that does this is Invesco\u2019s QQQ trust with an AUM of $352 billion, but other funds holding billions of dollars also invest in the companies in the NAS100, like the iShares NASDAQ 100 UCITS ETF.<\/p>\n<p>However, it is worth noting that not all companies in the Nasdaq 100 carry equal weighting. For example, Invesco\u2019s QQQ ETF allocates roughly 53.1% of its portfolio to the top 10 companies on the Nasdaq exchange, while the remainder is distributed among the other 90 companies.<\/p>\n<p>Nonetheless, 0.1% of a $352 billion pie is still significant.<\/p>\n<p><strong>It\u2019s not all positive news<\/strong><\/p>\n<p>While the Nasdaq\u2019s annual rebalancing will include MicroStrategy, the criteria for companies\u2019 inclusion in the index is the major source of their market value.<\/p>\n<p>MicroStrategy remains a provider of business intelligence technology and solutions, however, if a greater part of its value comes from its Bitcoin holdings, then it could be reclassified as a financial company and removed from the Nasdaq 100.<\/p>\n<p><a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin<\/a> trades at $102,800 as of publishing while Nasdaq\u2019s rebalancing will take effect on Dec. 23.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/nasdaq-to-add-microstrategy-to-the-nas100-index\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) The Nasdaq exchange has announced its yearly reshuffling of the top 100 largest non-financial companies by market capitalisation and will add MicroStrategy to the list for the first time. The growth in MicroStrategy\u2019s stock price, fueled by Bitcoin\u2019s positive performance, has [&hellip;]<\/p>\n","protected":false},"author":3947362368,"featured_media":43344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/43343"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362368"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=43343"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/43343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/43344"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=43343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=43343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=43343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}