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MicroStrategy Added to Nasdaq 100, Bringing Bitcoin Exposure to $400 Billion in ETFs

Dec 13, 2024, 11:20 PM

MicroStrategy (MSTR), known for its substantial Bitcoin holdings, has been officially added to the Nasdaq 100 index, as announced at 8 PM ET on December 13, 2024. The inclusion marks the first time a Bitcoin-focused company has joined the prestigious index, which tracks the largest non-financial companies on the Nasdaq stock exchange and is followed by over $400 billion in ETF assets. With MicroStrategy's addition, investors in funds such as Invesco's QQQ Trust, with more than $300 billion in assets under management, will now have indirect exposure to Bitcoin through MSTR. Alongside MicroStrategy, Palantir (PLTR) and Axon Enterprise (AXON) were also added to the index, while Illumina (ILMN), Super Micro Computer (SMCI), and Moderna (MRNA) were removed. The changes will take effect on December 23 and are seen as a significant milestone for MicroStrategy and the mainstream acceptance of Bitcoin.