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News

Bitcoin News: Will Nasdaq-100 Firm MicroStrategy Enter the S&P 500 by 2025?

Qadir AK16 Dec 20242 min read

MicroStrategy, a prominent Nasdaq-100 firm known for its bold Bitcoin strategy, has acquired 15,350 BTC for around $1.5 billion at an average price of $100,386 per Bitcoin. This move further solidifies its position as a major corporate Bitcoin holder.

With this latest acquisition, MicroStrategy’s Bitcoin holdings now total 439,000 BTC, purchased for $27.1 billion. The company’s average purchase price stands at $61,725 per Bitcoin, yielding significant returns: 46.4% quarter-to-date (QTD) and 72.4% year-to-date (YTD).

MicroStrategy Joins Nasdaq-100 Giants

On December 15, Michael Saylor, Executive Chairman of MicroStrategy, stirred curiosity with a cryptic post on X (formerly Twitter). He questioned the absence of a “green dot” on SaylorTracker—an indicator widely associated with upcoming MicroStrategy Bitcoin purchases. The post fueled speculation about the company’s next steps.

Starting December 23, MicroStrategy will join the Nasdaq-100, placing it alongside some of the world’s leading companies. This inclusion guarantees its presence in index-tracking exchange-traded funds (ETFs) like Invesco’s QQQ, which manages over $300 billion in assets.

Collectively, Nasdaq-100 tracking ETFs manage more than $550 billion, greatly enhancing MicroStrategy’s exposure to investors globally.

MicroStrategy is the first Bitcoin treasury company to enter the Nasdaq-100. Michael Saylor predicts that Marathon Digital Holdings ($MARA), a leading Bitcoin mining firm, could follow suit and join the prestigious index in the near future.

Eyeing S&P 500 Inclusion

James Van Straten, a senior analyst at CoinDesk, believes MicroStrategy could qualify for the S&P 500 if it posts positive earnings over the last four quarters. He estimates that with Bitcoin reaching $120,000 and new Financial Accounting Standards Board (FASB) rules taking effect in Q1 2025, MicroStrategy could achieve $25 billion in net income.

This scenario would make the company eligible for S&P 500 inclusion as early as Q2 2025.

Institutions are fueling Bitcoin’s rise—read Bitcoin price prediction to discover where this unstoppable surge is headed next!

Impact on Bitcoin Price

Bitcoin Price continued its upward trend, reaching a new all-time high of 106,488.25 early Monday. The recent spike comes amid rising investor optimism, spurred by US President-elect Donald Trump’s possible bitcoin strategic reserve fund and the continuous surge of institutional interest, including the Nasdaq listing of pro-Bitcoin startup MicroStrategy.

As of press time, BTC price is changing hands at $103K, with a minor loss.

Market experts believe that MicroStrategy’s growing influence in the Nasdaq-100 and its continued Bitcoin purchases could further attract additional institutional buyers, potentially pushing Bitcoin to new all-time highs.

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FAQs

  • MicroStrategy owns 439,000 BTC, purchased for $27.1 billion, representing 2% of all Bitcoin in existence.
#Bitcoin#Price Analysis
Qadir AK
Qadir AK

Author

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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