Summary
- Bernstein stated that as the likelihood of MicroStrategy joining the Nasdaq 100 increases, the stock is expected to be bullish.
- It is estimated that if included in the Nasdaq 100, exchange-traded funds will net purchase at least $2.1 billion worth of shares.
- MicroStrategy has additionally purchased $16 billion worth of Bitcoin and is currently trading at a 147% premium compared to the net asset value of Bitcoin.
As the possibility of MicroStrategy (MSTR), the largest holder of Bitcoin (BTC), joining the Nasdaq 100 and benefiting from regulatory advantages increases, a bullish outlook has emerged.
On the 11th (local time), global investment bank Bernstein stated in a research report, "The likelihood of MicroStrategy entering the Nasdaq 100 on December 23 is increasing, and it may also benefit from the Trump Administration's virtual asset development plan."
If MicroStrategy is included in the Nasdaq 100, it is estimated that exchange-traded funds will net purchase at least $2.1 billion worth of shares.
MicroStrategy has additionally purchased approximately $16 billion worth of Bitcoin over the past 40 days and is currently trading at a 147% premium compared to the net asset value of Bitcoin (corporate value of $103 billion).
YM Lee
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