Rally

Bitcoin

Read

<p><strong>Key Points:</strong></p>  
<ul class="wp-block-list">
 <li><em>Michael Saylor's MicroStrategy joins the Nasdaq 100 index, effective December 23.</em></li>  
 <li><em>MicroStrategy's growth is closely tied to the cryptocurrency market, particularly Bitcoin, which has experienced significant gains recently.</em></li> 
</ul>  
<h5 class="wp-block-heading">MicroStrategy, a Bitcoin investment company, was <a href="https://www.globenewswire.com/news-release/2024/12/14/2997099/6948/en/Annual-Changes-to-the-Nasdaq-100-Index.html" target="_blank" rel="noopener noreferrer nofollow">added</a> to the prestigious Nasdaq 100 index after having seen its stock surge over the year.</h5>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/12/On-Black-13-1.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/12/On-Black-13-1-1024x576.jpg" alt="Michael Saylor's MicroStrategy Is Now Added to the Nasdaq 100 Index" class="wp-image-296935"></a>
 <figcaption class="wp-element-caption">
 </figcaption>
</figure>  
<p class="has-background" style="background-color:#222222">Read more: <a href="https://coincu.com/292402-gary-gensler-resignation-likely-before-trump/" target="_blank" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/295287-new-sec-chair-appointed-by-donald-trump/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/294996-bitcoin-miner-mara-expands-mining/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/259626-bouncebit-review-binance-megadrop-btc-restaking/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/292777-goldman-sachs-digital-asset-platform/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/288922-microsoft-rejects-bitcoin-investment-proposal/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/219215-balancer-reported-social-engineering-attack/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/294304-coinbase-usdc-earn-program-stops/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/281635-nvidia-stock-decline-shows-bitcoin-stable/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/290406-crypto-pac-fairshake-continues-to-boost/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/290763-avalanche-foundation-completes-acquisition-lfg/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/295417-president-elect-donald-trump-congratulates-btc/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/295134-solana-etf-takes-spotlight-as-sec-approval/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/267888-us-lawmakers-demand-release-binance-executives/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/287444-kraken-ethereum-restaking-now-available/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/282572-zksync-mainnet-governance-launches/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/281712-aave-launches-on-ethereum-mainnet/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/226404-gateio-withdrawal-issue-fixed-6-hours-idling/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/292047-doj-investigates-polymarket-for-alleged-illegal/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/295684-us-banks-crypto-warning-revealed-by-coinbase/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/296746-crypto-advocate-congressman-french-hill/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/296064-microstrategy-bitcoin-purchase-expands/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/wp-admin/post.php?post=296064&amp;action=edit" rel="noopener noreferrer nofollow">MicroStrategy Bitcoin Purchase Expands Again With $2.1 Billion</a>&nbsp;</p>  
<h2 class="wp-block-heading" id="michael-saylor-s-microstrategy-joins-nasdaq-100-after-stock-surges">Michael Saylor's MicroStrategy Joins Nasdaq 100 After Stock Surges</h2>  
<p>As of December 1, <a href="https://coincu.com/295295-7-billion-microstrategy-convertible-notes/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy</a>'s market capitalization has surged to nearly $98 billion, nearly doubling in value from earlier in the year. The growth has been highly attributed to the booming cryptocurrency market, with the firm's stock price up nearly 500% in that time.</p>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/12/Screenshot-2024-12-14-at-10.42.27.png" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/12/Screenshot-2024-12-14-at-10.42.27-1024x685.png" alt="" class="wp-image-296936"></a>
 <figcaption class="wp-element-caption"><em>Source: <a href="https://www.google.com/finance/quote/MSTR:NASDAQ?sa=X&amp;ved=2ahUKEwjKx9PWq6aKAxVusVYBHYbcF5sQ3ecFegQIVRAf&amp;window=YTD" target="_blank" rel="noopener noreferrer nofollow">Google Finance</a></em>
 </figcaption>
</figure>  
<p>The change, which goes into effect before the market opens on December 23, was announced after the close of trading Friday. MicroStrategy had been highly expected to join the index as investors had speculated the company would join Nasdaq's annual rebalancing.</p>  
<p>The Nasdaq 100 consists of 100 non-financial companies from diverse sectors, including technology, retail, biotechnology, and healthcare. It includes some of the world’s largest corporations, such as Apple, Amazon, Google, and Microsoft.</p>  
<p>By November 29, the market capitalization of Michael Saylor's MicroStrategy stood at $92 billion, ranking it at 40th place in the index. At the time of announcing this fact, the value of the company had risen to even more than $ 98 billion, reflecting its considerable growth in 2023.</p>  
<h2 class="wp-block-heading" id="microsoft-turns-down-bitcoin-proposal-amid-crypto-rally">Microsoft Turns Down Bitcoin Proposal Amid Crypto Rally</h2>  
<p>Michael Saylor's MicroStrategy is inextricably tied to the success of <a href="https://coincu.com/295166-microstrategy-bitcoin-investment-yields/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>, which has surged in recent months. The surge also comes with political shifts: the optimism in cryptocurrencies is aligned with President-elect <a href="https://coincu.com/296179-president-elect-donald-trumps-motivation/" target="_blank" rel="noopener noreferrer nofollow">Donald Trump</a>'s rhetoric to make the U.S. the "crypto capital of the planet."</p>  
<p>This development comes days after Microsoft shareholders voted against the proposal to add Bitcoin to its balance sheets. MicroStrategy's CEO, <a href="https://coincu.com/288617-microstrategy-founder-michael-saylor-criticized/" target="_blank" rel="noopener noreferrer nofollow">Michael Saylor</a>, has just recently stated in a meeting that <a href="https://coincu.com/296376-microsoft-bitcoin-investment-proposal-rejected/" target="_blank" rel="noopener noreferrer nofollow">Microsoft</a> could increase its market value by almost $5 trillion if it started embracing Bitcoin.</p>  
<figure class="wp-block-table">
 <table class="has-luminous-vivid-orange-color has-text-color has-link-color">
  <tbody>
   <tr>
    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
   </tr>
  </tbody>
 </table>
</figure>    <a href="https://coincu.com/?p=296923" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

Michael Saylor's MicroStrategy Is Now Added to the Nasdaq 100 Index

Table of Contents

Coincu

Other articles published on Dec 14, 2024

Cynthia Lummis Supports Scott Bessent for Treasury Secretary and Strategic Bitcoin Reserve Plan

Grayscale Joins Race for Spot Solana ETF

Crypto Whales Are Buying the Dip: BTC, ADA, XRP, DOGE See Huge Moves

60.9 Billion Dogecoin in 24 Hours, DOGE Mirrors Bullish Pattern

MicroStrategy Joins NASDAQ 100 as Bitcoin Price Soars

Regret Skipping Comedian (BAN) Initially? Grab this Best New Meme Coin Presale to Ride 2025’s Ric...

Join our free newsletter for daily crypto updates!