RE: LeoThread 2024-12-15 00:57
You are viewing a single comment's thread:
1/3
Nasdaq announced that Bitcoin bull Michael Saylor's company, MicroStrategy (MSTR), will be added to the Nasdaq-100 Index ooon Dec. 23.
MicroStrategy is one of three companies to be added to the index alongside Palantir Technologies Inc. (PLTR), and Axon Enterprise, Inc. (AXON).
Meanwhile, Ilumina, Inc. (ILMN), Super Micro Computer, Inc. (SMCI), and Moderna, Inc. (MRNA) wlill be removed from the index.
The listing means that MicroStrategy, a software company that became a de facto Bitcoin hedge fund in 2020, is among the Nasdaq's 100 largest stocks by market capitalization.
The inclusion in the Nasdaq 100 will add MSTR to the portfolio of Invesco Q0Q Trust (QQQ), an exchange-traded fund (ETF) with approximately $322 billion in assets under management (AUM).
Crypto analyst Will Clemente wrote
"Now that MSTR is getting added to the Nasdaq, every large pension fund, sovereign wealth fund, and individual retirement account in the world is going to have Bitcoin exposure.
2/3
Bitwise Invest head of alpha strategies Jeff Park added, "The trade of the decade is just getting started. Buckle up."
Good things are coming.
Good news , this will lead to more crypto adoption
2025 is going to be very interesting for the crypto world
This will make all the financial market to go nuts. The financial space is redefined under our eyes, who doesn't understand it will be left behind.
Microstrategy has become so big to fail now. BTC fueled growth has a long endurance.
GReat times ahead for the crypto world