MicroStrategy, a leading advocate for Bitcoin adoption, has officially joined the Nasdaq 100, standing alongside tech giants like Apple, Tesla, and Microsoft. The announcement, made Friday as part of Nasdaq’s annual index reshuffle, propelled MicroStrategy’s stock (MSTR) to rise 0.57% in after-hours trading, reaching $411.00, up from its opening price of $400.07, according to MarketWatch.
For Bitcoin supporters, MicroStrategy’s inclusion in the Nasdaq 100 signals growing institutional recognition of cryptocurrency’s role in the modern financial landscape.
The Nasdaq 100, created in 1985, tracks the top 100 non-financial companies on the Nasdaq Stock Market and serves as a key barometer for investor sentiment in the tech and innovation sectors. Its ranks include major players like Meta, Nvidia, and Amazon, making MicroStrategy’s addition a noteworthy milestone for the Bitcoin community.
Founded in 1989 by Michael Saylor, MicroStrategy is primarily known for its business intelligence and analytics solutions. However, the company gained global attention in 2020 when it launched an ambitious Bitcoin investment strategy, starting with a $425 million purchase. Despite skepticism at the time, MicroStrategy has since doubled down on its Bitcoin holdings, acquiring an additional $1.5 billion worth of BTC earlier this month.
Today, the company owns over 423,650 Bitcoin, valued at approximately $42.8 billion, making it the largest corporate Bitcoin holder globally.
MicroStrategy’s move into the Nasdaq 100 underscores the growing convergence of cryptocurrency and traditional markets, cementing Bitcoin’s place in the financial mainstream.
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