Organization
Home” Business” MicroStrategy to sign up with Nasdaq 100 with $2.1 billion in ETF share purchasing predicted
by
Estefano Gomez
Dec. 10, 2024
MicroStrategy’s addition to the Nasdaq 100 on December 23 is anticipated to drive $2.1 billion in ETF share purchases, possibly strengthening its Bitcoin holdings.
Picture: Trung Phan
Secret Takeaways
- MicroStrategy is set to sign up with the Nasdaq 100 Index, with a main statement anticipated on December 13.
- MicroStrategy’s Nasdaq 100 addition might drive $2.1 billion in ETF share purchasing.
Share this short article
MicroStrategy is anticipated to sign up with the Nasdaq 100 Index on December 23, with a main statement arranged for this Friday, December 13.
According to Bloomberg ETF expert James Seyffart, ETFs tracking the Nasdaq 100 are anticipated to acquire $2.1 billion worth of MicroStrategy shares, representing about 20% of the business’ s daily trading volume.
James Seyffart analysis
The business is likewise most likely to have a 0.47% weight in the Nasdaq 100, ending up being the 40th biggest keeping in the index, according to ETF expert Eric Balchunas.
Seyffart recommended that while signing up with the Nasdaq 100 looms, addition in the S&P 500 will be more difficult due to MicroStrategy’ s do not have of success.
An approaching modification in accounting guidelines related to Bitcoin evaluations might possibly make the business eligible for the S&P 500 in 2025.
This advancement comes as MicroStrategy continues its aggressive Bitcoin acquisition technique.
Simply the other day, the company revealed the purchase of 21,550 BTC for $2.1 billion at a typical cost of $98,000 per Bitcoin.
With this newest addition, MicroStrategy’ s amount to holdings have actually risen to 423,650 BTC, bring an approximated evaluation of $42 billion.
Share this post
