Nasdaq has announced that Michael Saylor’s company, MicroStrategy, will have its stock (MSTR) added to the Nasdaq-100 Index, as of Dec. 23.
The placement means that MicroStrategy, a software company that became a de facto Bitcoin hedge fund in 2020, among the Nasdaq’s 100 largest stocks by market capitalization.
On Dec. 11, Cointelegraph reported that the inclusion in the Nasdaq 100 will add MSTR to the portfolio of Invesco QQQ Trust (QQQ), an exchange-traded fund (ETF) with approximately $322 billion in assets under management (AUM).
This is a developing story, and further information will be added as it becomes available.
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