MicroStrategy expected to crack Nasdaq 100 — Bloomberg Intelligence
Bloomberg Intelligence expects MicroStrategy’s stock, MSTR, to join the Nasdaq 100 index later in December, with an announcement to come as soon as this week.
MicroStrategy (MSTR) is expected to join the Nasdaq 100 stock index on Dec. 23, with an announcement coming as soon as this week, according to a post on the X platform by Bloomberg Intelligence analyst Eric Balchunas.
The placement will rank MicroStrategy, a software company that became a de facto Bitcoin (BTC) hedge fund in 2020, among the Nasdaq stock exchange’s 100 largest stocks by market capitalization.
It will also expose MSTR to hundreds of billions of dollars in institutional capital flows tracking the widely-followed index.
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Author: Alex O’Donnell
