MicroStrategy officially joined the Nasdaq 100 on Friday, solidifying its position among the group's top companies. Nasdaq announced the details in a press release detailing annual changes to the Nasdaq-100 index. Shares of MicroStrategy MSTR traded up 0.57% in after-hours trading on the news of the listing and are currently trading at $411.00, up from $400.07 on the day, according to MarketWatch .
For Bitcoin enthusiasts, this milestone is a moment of mystery, showing just how far the cryptocurrency industry has come to gain institutional recognition.
In the year Created in 1985, the Nasdaq 100 is an index of the 100 largest non-financial companies listed on the Nasdaq Stock Market. These companies include Apple, Meta, Microsoft, Amazon and Nvidia. The Nasdaq 100 serves as a measure of investor sentiment about performance awareness and non-financial companies.
In the year Founded in 1989 by Michael Saylor, MicroStrategy is a business intelligence and analytics solutions company. In recent years, the company has been equally, if not more, well known for its aggressive Bitcoin strategy.
Under Saylor, MicroStrategy began acquiring bitcoin in 2020 as a bold or foolish entity, according to detractors — a $425 million investment. Fast forward four years, and Microstrategy has only doubled its faith in Bitcoin, increasing its holdings by $1.5 billion earlier this month.
Currently, MicroStrategy is worth over 423,650 BTC, which is approximately $42.8 billion, making it the largest corporate bitcoin holder in the world.
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