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Nasdaq 100 officially lists MicroStrategy
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Last Friday, the Nasdaq Global Indexes announced the inclusion of MicroStrategy Inc. (MSTR) in the prestigious Nasdaq 100 index. The inclusion takes effect on December 23rd and is a milestone in the history of cryptocurrencies.
MicroStrategy caught the attention of the financial world by changing the paradigm of investments and betting on Bitcoin.
Now, the company joins the select group of US companies, which has names such as Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN), Tesla (TSLA), Meta (META) and PayPal ( PYPL).
MicroStrategy’s inclusion in the Nasdaq 100 has been expected for some time. After all, the Virginia technology company with $100 billion in market capitalization is one of the big rising stars from the USA. While in 2023 the company had a growth of 546%, jumping from US$ 1.6 billion to 10.55 billion, in 2024 the numbers jumped 827%.
Company shares soared
This is significant growth for a company founded in 1998 and had never exceeded US$2 billion until mid-2020. The turning point happened in the middle of the pandemic. On that occasion, the CEO and founder Michael Saylor announced that the company would invest around US$250 million of its capital in BTC.
In this way, the company’s shares began to receive the attention of a significant number of investors, attentive to technological innovations, such as Bitcoin.
Until then, the company’s shares traded for around US$15. A year later, during what became known as Bitcoin’s first bull run, the company’s shares quadrupled in value, reaching US$70. After a few years of oscillation, in 2024 came the big leap and the the company’s shares reached $400.
Part of this success, if not all of it, is due to the company’s strategy of investing in Bitcoin when the cryptocurrency‘s price did not yet exceed US$10,000. Now, with BTC surpassing the $100,000 mark, the MicroStrategy is reaping the rewards. At the same time, large companies, investment funds and even countries invest in cryptocurrency.
In addition to MicroStrategy, other companies that will be included in the Nasdaq 100 are Palantir and Axon. The first saw a 343% increase in its shares this year, driven by demand for its artificial intelligence tools. Meanwhile, the second develops public security devices such as Tasers and body cameras. This company saw its shares rise 150% in 2023.
After the announcement, Bitcoin jumped from the US$100,000 it was hovering at a few days ago to the current US$104,000. With renewed market attention, the cryptocurrency experienced its best mark on Sunday (15), when it was quoted above US$ 106 thousand.
Nasdaq 100 officially lists MicroStrategy
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Nasdaq 100 officially lists MicroStrategy
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Nasdaq 100 officially lists MicroStrategy
