Bitcoin Reaches New High As MicroStrategy Prepares To Join Nasdaq 100 (And More!)

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 Bitcoin has reached a new all-time high, surpassing $107,000, as MicroStrategy, the world’s largest corporate holder of the cryptocurrency, prepares to join the Nasdaq 100 index. This milestone is seen as a significant moment for Bitcoin’s institutional integration, as the software firm’s growing Bitcoin reserves, valued at approximately $42 billion, are set to increase the digital asset's visibility and influence on Wall Street. The inclusion of MicroStrategy in the Nasdaq-100, effective December 23, 2024, could pave the way for massive passive investment flows, particularly through exchange-traded funds (ETFs), which track the index​




The announcement of MicroStrategy’s inclusion also coincided with Bitcoin’s rally, briefly pushing its price past $102,000. As the company now holds a market cap of around $92 billion, it will account for roughly 0.47% of the Nasdaq-100 index, significantly amplifying Bitcoin’s exposure within traditional financial markets​


While this represents a major win for Bitcoin advocates, the future remains uncertain. There’s a possibility that MicroStrategy could be reclassified as a financial entity in the coming months due to the overwhelming influence of its Bitcoin holdings, which might lead to its removal from the Nasdaq-100​


Nonetheless, the firm’s inclusion is a testament to the growing mainstream acceptance of digital assets.

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