MicroStrategy is expected to buy shares of the Nasdaq 100 ETF for $2.1 billion

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MicroStrategy is set to join the Nasdaq 100 index, with an official announcement expected on December 13. MicroStrategy's Nasdaq 100 inclusion could bring in $2.1 billion in ETF share purchases.

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MicroStrategy is expected to join the Nasdaq 100 Index on December 23rd, with an official announcement this Friday, December 13th.

According to Bloomberg ETF analyst James Seifert, ETFs tracking the Nasdaq 100 are expected to buy $2.1 billion of MicroStrategy's shares, representing about 20 percent of the company's daily trading volume.

The company could have a weighting of 0.47% in the Nasdaq 100, making it the 40th largest holding in the index, according to ETF analyst Eric Balchunas.

When Seifert approached joining the Nasdaq 100, he suggested that inclusion in the S&P 500 would be more challenging due to the lack of microstrategy profitability.

However, an upcoming change in accounting rules related to Bitcoin prices could make the company eligible for the S&P 500 in 2025.

This development follows MicroStrategy's aggressive Bitcoin acquisition strategy.

Just yesterday, the firm announced that it had bought 21,550 BTC worth $2.1 billion at an average price of $98,000 per Bitcoin.

With this latest increase, MicroStrategy's total holdings have risen to 423,650 BTC, with a valuation of $42 billion.

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