Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/microstrategy-joins-nasdaq-100-boosting-bitcoin-ecosystem/" data-wpel-link="internal" rel="noopener noreferrer nofollow">MicroStrategy Joins Nasdaq-100, Boosting Bitcoin Ecosystem</a> 
American business intelligence and software company MicroStrategy, co-founded by Michael Saylor, has been included in the Nasdaq-100 Index. This development has resonated throughout the Bitcoin ecosystem, with companies like MARA Holdings congratulating MicroStrategy on this achievement.
<h2 id="microstrategy-s-inclusion-in-nasdaq-100">MicroStrategy’s Inclusion in Nasdaq-100</h2>
Fred Thiel, President and CEO of MARA Holdings, congratulated MicroStrategy on its inclusion in the Nasdaq-100 Index. Thiel referred to MicroStrategy as “the first Bitcoin treasury company to join Nasdaq 100.”
<blockquote>
 Thank you. We are working hard to get there.— Fred Thiel
</blockquote>
Michael Saylor indicated that MARA Holdings expects to join the Nasdaq-100 list shortly. Both companies are enhancing their reserves with Bitcoin, a strategy that increases their overall value.
<h2 id="bitcoin-investments-and-financial-performance">Bitcoin Investments and Financial Performance</h2>
MARA Holdings raised over $700 million through a private bond issuance this month. Additionally, the company purchased 11,774 BTC this week, bringing its total Bitcoin reserve to 40,435 BTC, with a total value of $3.9 billion.
The Bitcoin treasury strategy that MicroStrategy adopted four years ago has positively influenced the company’s stock performance and helped it meet Nasdaq 100 criteria.
A significant shift in the <a href="https://en.coin-turk.com/positive-development-in-the-crypto-market-surge-in-stablecoin-market-value/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> world is noted in various governments’ growing interest in strategic Bitcoin reserves. In the U.S., Senator Cynthia Lummis has prepared a bill that anticipates acquiring 1 million Bitcoins within five years.
Texas Representative Giovanni Capriglione has also introduced a bill aimed at creating a Bitcoin reserve in the state. Countries like El Salvador and Bhutan continue to lead in this area.
The successful Bitcoin investments of companies like MicroStrategy and MARA Holdings may encourage other nations to adopt similar strategies. The positive effect of Bitcoin investments on corporate performance could lead more firms to embrace this approach, maintaining heightened interest in Bitcoin in the markets.
The post <a href="https://en.coin-turk.com/microstrategy-joins-nasdaq-100-boosting-bitcoin-ecosystem/" data-wpel-link="internal" rel="noopener noreferrer nofollow">MicroStrategy Joins Nasdaq-100, Boosting Bitcoin Ecosystem</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

MicroStrategy Joins Nasdaq-100, Boosting Bitcoin Ecosystem

Table of Contents

COINTURK NEWS

Other articles published on Dec 16, 2024

MOCA Token Surges 380% After Major South Korea Exchange Listings

Ethereum Price Surges to $4,100 Amid Market Optimism

The US dollar’s biggest threat is actually America itself

Analysts Highlight XRP, TRON And Lunex Network as High Potential Investments In 2025

🗒 Daily Newsletter | Monday, December 16, 2024

$SMOOTHIE: The Queen of Fluff Takes Web3 by Storm

Join our free newsletter for daily crypto updates!