Today, Bloomberg ETF Analysts Eric Balchunas You can also find out more about the following: James Seyffart MicroStrategy, Inc. (MSTR), a leading provider of business intelligence software and services is set to join the Nasdaq The 100-QQQ will be released later in the month. December 23.
“MicroStrategy will likely enter the Nasdaq 100 Index On, Dec. 23, and we expect net buying of at least $2.1 billion in shares by ETFs to follow, equal to about 20% of daily volume,” Seyffart explained. “Joining the S&P 500 will be tougher because of a lack of profit, though an accounting-rule change surrounding Bitcoin valuations could make MicroStrategy eligible in 2025.”
Net buying of $2.1 billion would be an added boost to MSTR, which has already outperformed most major stocks and also bitcoin this year — up 450% year-to-date at the time of writing. MSTR’s relentless acquisition of bitcoin has helped its stock to reach a record high for the first year since its inception. March 10, 2000.
MSTR acquired more than 170,000 bitcoins after announcing plans to raise 42 billion dollars in order to purchase additional BTC late last year October.
Balchunas According to the expected announcement, MSTR is going to be added to QQQ this year. Friday, December 13.
“Again this is our best estimate of what will go down,” Balchunas concluded. “We don't work at Nasdaq. FYI!”
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