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MicroStrategy Inc joins NASDAQ?!
One of the biggest story in 2024
Big news for Bitcoin enthusiasts! MicroStrategy is set to join the Nasdaq 100 index, marking a significant milestone for the company known for its bold Bitcoin investments. This inclusion could spark further demand for the stock, which has already skyrocketed this year.
As of December 23rd, ETFs like the popular Invesco QQQ Trust will automatically add MicroStrategy to their holdings. This move is expected to boost the company's stock price even more, following its impressive performance alongside Bitcoin, which is up nearly 140% this year.
Additionally, analysts are eyeing potential inclusion of MicroStrategy in the S&P 500 by 2025, despite challenges from its software business profitability. With a market cap of around $90 billion, MicroStrategy continues to push the boundaries, leveraging Bitcoin to bridge traditional capital markets with the crypto economy.
Stay tuned for more updates on this dynamic development in the financial world! 📈🚀