After making significant purchases of Bitcoin, MicroStrategy has become eligible to join the Nasdaq-100 Index. This move has strengthened the company’s stock value as ETFs tracking the index acquire MicroStrategy shares to reflect its performance.
Analysts predict that this inclusion will further boost the company’s stock performance and increase its credibility as an exceptional performer due to its successful leveraged Bitcoin strategy.
MicroStrategy’s stock price has risen by almost 500% this year, surpassing Bitcoin’s 140% increase and reaching new record highs.
This success is largely attributed to the company’s consistent investment in Bitcoin, which it began as a way to protect its reserve assets in 2020. As a result, MicroStrategy is now the largest corporate holder of Bitcoin.
