MicroStrategy Joins Nasdaq 100

MicroStrategy (MSTR), led by Bitcoin advocate Michael Saylor, is listed on Nasdaq and was recently announced as a new addition to the Nasdaq-100 Index, effective December 23, 2024. This inclusion highlights its growth in market capitalization and positions the company as one of the 100 largest on Nasdaq. It also integrates MSTR into major funds like the Invesco QQQ ETF, exposing institutional investors to Bitcoin indirectly due to MicroStrategy's extensive Bitcoin holdings.

MicroStrategy transformed from a business intelligence firm to a Bitcoin-focused company in 2020, using its balance sheet to acquire 158,400 BTC as of late 2024. The company’s listing on Nasdaq ensures global exposure to its Bitcoin strategy, aligning it with pension funds and institutional portfolios​

MSTR is currently trading at $409 and has potential upside following its addition to the Nasdaq-100 Index. This news aligns with a possible symmetrical wedge breakout, making it a key chart to watch for further price action. Investors are closely monitoring this development as it could signal a significant upward move.