Summary
- MicroStrategy holds a large amount of Bitcoin and its potential for inclusion in the Nasdaq 100 has been raised with a company market value of about 88.5 billion dollars.
- If included in the Nasdaq 100, it is expected to be added to the list of Invesco QQQ Trust.
- Analysts commented that this could lead to an increase in demand for Bitcoin.
According to CoinDesk, a professional media outlet, on the 3rd (local time), MicroStrategy (Ticker: MSTR), which holds the most Bitcoin (BTC) among single companies, has increased its potential for inclusion in the Nasdaq 100. To be included in the Nasdaq 100 index, a company's total market value must be at least 0.1% of the entire market value (approximately 23 trillion dollars), and currently, MicroStrategy's total market value is about 88.5 billion dollars. If MicroStrategy is included in the Nasdaq 100, it will also be added to the list of 'Invesco QQQ Trust (QQQ)' which tracks the Nasdaq 100 index. Analysts commented that "this could increase the exposure to Bitcoin."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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