- MicroStrategy now owns 423,650 Bitcoin, valued $44B.
- The Nasdaq-100 addition broadens Bitcoin exposure for investors.
MicroStrategy, the largest corporate owner of Bitcoin, will be included in the elite class of the Nasdaq-100 Index soon. It is going to happen even before the opening bell sounds on December 23, 2024, marking the success of the strategy laid by Executive Chairman Michael Saylor, who began emphasizing Bitcoin in 2020.
The company began investing $425 million in Bitcoins four years ago and has continued to increase its holdings ever since. Recently, this month, the company showed aggressiveness by purchasing another 15,400 Bitcoins, spending $1.5 billion in the process since Bitcoin was nearing all-time highs. With approximately 423,650 Bitcoins currently held, valued at approximately $44 billion, this is a massive payback of the strategy for MicroStrategy.
When Saylor first proposed the idea to buy Bitcoins, many thought he was taking a risk. After all, though, the bet has paid off so well, especially after the bitcoin price has passed $100,000.
Increasing Bitcoin Exposure to the Investor
That places Bitcoin directly in the traditional investor books indirectly through Nasdaq-100. That is due to investors easily accessing the crypto market in equities. The equity price of that company soared to over $400 per equity since the announcement. The bitcoins held have their values shot, too, in the fact that the bitcoin value doesn’t seem to hit a stable value but has been gradually increasing.
Along with this, the Nasdaq-100 Index, etc are going to include the reconstituting process every year due to the delisting of some firms these comprise, Illumina Super Micro Computer Moderna Among this track, the largest of Non-financial companies listed to this Nasdaq by market cap Apple, Microsoft, Tesla Amazon this is the Nasdaq-100.
Since the announcement, the Bitcoin price has gone over $102,000 and is trading at $101,365.72, while MicroStrategy shares have been up more than $400. Since the ETFs are set to purchase shares, further gains will be expected in days ahead for $MSTR.
This strategic decision to stay on Bitcoin, therefore opens further room for institutional interest, hence creating more room for the company to achieve more gains and further the confidence of investors.
